Applied Digital Will Report Quarterly Earnings October 8
The company expects a loss of 30 cents per share in its fiscal first-quarter 2027 report.
Updated on Sept. 28, 2026 in Data Centers
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Applied Digital is set to release its fiscal first-quarter 2027 earnings report on October 8, 2026. Analysts currently project the firm will report revenue of $134.86 million for the period.
Why it matters
The upcoming results will provide insight into the financial health of the firm as it manages a $31 billion contracted backlog for its four AI Factory campuses. This performance report follows recent coverage initiations from major financial institutions including Wells Fargo, Rothschild & Co, and UBS.
Applied Digital has secured a 300 MW capacity agreement for its Polaris Forge 3 facility, which is valued at $7.5 billion in base-term revenue. Additionally, the firm is supporting an independent power venture through Base Electron to add 1.2 gigawatts of grid capacity in the Dakotas.
The players
Applied Digital
This company designs and operates data center infrastructure tailored for high-performance artificial intelligence computing.
Base Electron
This independent power venture focuses on expanding electrical grid capacity to support data center development in the Dakotas.
The details
Applied Digital shares are currently trading at $25.83, significantly lower than the average analyst price target of $61.65. The company maintains a total potential revenue backlog of $73 billion when accounting for all available renewal options across its infrastructure projects.
Timeline
September 17, 2026: Wells Fargo initiated coverage with an Overweight rating.
September 21, 2026: Rothschild & Co initiated coverage with a Neutral rating.
September 23, 2026: UBS initiated coverage with a Buy rating.
October 8, 2026: Applied Digital will report fiscal Q1 2027 earnings.
The Tech Race
The firm is prioritizing high-density power agreements to compete in the expanding market for AI-ready infrastructure. This strategy represents a significant shift toward securing proprietary grid capacity to ensure long-term stability for large-scale data center operations.
Retail investors should watch for how the reported earnings align with analyst price targets of $61.65. The company's progress on grid capacity expansion in the Dakotas may also influence long-term stability for its power-intensive data center facilities.
The takeaway
Investors should monitor the company's ability to convert its massive multi-billion dollar backlog into realized revenue in upcoming quarters. Balancing infrastructure growth with share price performance will be the primary focus for shareholders following the October release.
Further reading
Explore broader trends in Data Centers to understand the scaling of AI infrastructure.
Source note: This article includes information reported by Benzinga.
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