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APAPLD

Applied Digital Corp.

$APLD·$5.5B·Information Technology Services·Technology
$18.05-11.5%YTD-19.4%1Y-50.7%
Price updated 7h ago·X counts updated 5d ago
APAPLD
$APLDApplied Digital Corp.
$18.05-11.48%2.1k posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $APLD on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

2,139X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $APLD's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data6 posts analyzed · as of 2026-09-16

Applied Digital chatter is unambiguously bullish and mostly technical, with traders calling a clean descending-trendline breakout and $30 as the next confirmation. Fundamentals do the heavy lifting: Q4 revenue +407% YoY, 1.4 GW of contracted IT load, roughly $36B of take-or-pay lease backlog, and $3.7B in senior secured notes to fund the build. Bulls frame it as the picks-and-shovels AI infra pure-play once the ChronoScale spin closes.

Read what X is saying about $APLD

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $APLD — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventEvent coming upAI verdict · as of 2026-10-02

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

Applied Digital has 1.4GW of contracted datacenter capacity — Oct 7 earnings is literally this week and the first clean read.

Applied Digital is a US datacenter-infrastructure operator building AI-compute capacity under long-term, take-or-pay leases to hyperscalers and sovereign tenants. The business is pre-earnings but the backlog is unusually concrete.

  • The contracted base is enormous: 1.4GW of IT load under lease, roughly $36B in take-or-pay backlog, and Q4 revenue +407% YoY as sites turned on — this is a backlog-to-revenue conversion story, and the trajectory is already visible.
  • The capital structure is heavy: $3.7B of senior secured notes funds the buildout, which means every delay or deferred-tenant turn-on amplifies downside — leverage is the real bear case, not demand.
  • 52-week range position is 16% despite the backlog — the chart has unwound into Oct 7, and bulls are calling $30 on a confirmed descending-trendline breakout; the earnings print is the trigger either way.

Oct 7 Q1 is literally this week — a step-change in revenue plus any new signed hyperscaler or sovereign commitment extends the move toward $30. A delivery slip or any debt-cost commentary and this gives back ground from a floor it hasn't fully left.

Agrees with X sentimentThe thread has the right datapoints — the trendline breakout at $30 as the next confirmation, 1.4GW contracted load, $36B take-or-pay backlog, $3.7B of senior secured notes — all substantively supported, with Oct 7 as the specific catalyst.

What to watch: Oct 7 Q1 earnings this week — revenue-ramp trajectory, operating cash flow, and any new signed hyperscaler or sovereign commitments. A delivery slip or debt-cost pressure is the clear invalidator.

On the calendar: 2026-10-07 — Q1 earnings

Read the AI verdict on $APLD

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Builds and operates hyperscale data centers for AI and HPC workloads alongside cryptocurrency mining infrastructure.

Industry overviewAI analysisGenerated by AI from underlying data

Where Information Technology Services sits in its cycle right now — and what that implies for $APLD.

Information Technology Services · Technology

No material change from last week — AI infrastructure build-out continues to split the sector: GPU-compute/data-center operators (IREN, KEEL, APLD, SHAZ) accelerate on AI workload demand and power-deal momentum, while legacy IT outsourc.

What this means for $APLD

Partial — Builds and operates hyperscale data centers for AI and HPC workloads alongside cryptocurrency mining infrastructure.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
+4.2%YTD
-7.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-57.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-1.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-25.0%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-16.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
31.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-15.8%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
27.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q3 2026Oct 7, 2026$-0.01$-0.30+96.6%
Q2 2026Jul 27, 2026$-0.39$-0.11-242.1%
Q1 2026Apr 8, 2026$-0.36$-0.10-260.0%
Q4 2025Jan 7, 2026$-0.11$-0.09-22.2%
Next earningsWed, Jan 6·consensus EPS $-0.29

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$126.6M+139.3%42.5%-15.0%$-0.37$-720.2M
Q2 FY26$126.6M+98.2%20.6%-24.5%$-0.07$-567.9M
Q1 FY26$64.2M+5.8%13.4%-28.9%$-0.07$-331.4M
Q4 FY25$38.0M+157.8%20.4%-53.5%$-0.24$-191.4M

Forward consensus

6-year forecast · up to 7 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$413.9M$404.8M – $423.0M-$0.71-$0.85 – -$0.566
FY27$914.1M$893.6M – $934.6M-$1.47-$2.20 – -$0.597
FY28$1.9B$1.7B – $2.1B-$0.78-$2.12 – $0.266
FY29$3.1B$2.0B – $4.4B-$0.35-$1.71 – $0.445
FY30$4.6B$3.4B – $6.0B-$1.42-$2.02 – -$0.972
FY31$5.5B$4.2B – $7.3B-$1.02-$1.45 – -$0.701

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.1%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-31.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-43.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 261.5M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today13.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β6.005-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellOct 13Richard N NottenburgDirector31.3K sh$683KSellAug 4Richard N NottenburgDirector75.0K sh$2.3MSellApr 30Richard N NottenburgDirector12.5K sh$432KSellApr 28Richard N NottenburgDirector12.5K sh$400KSellApr 27Douglas S MillerDirector10.0K sh$350K
+ 22 other (11 inkinds · 7 awards · 2 exempts · 2 others) in window

See when $APLD insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentJul 8SC 13D/A
AI summary

Wesley Cummins, CEO and a reporting person of Applied Digital Corp. (APLD), filed SC 13D/A Amendment No. 7, disclosing beneficial ownership of 22,042,487 shares of APLD common stock (7.6% of class) as of July 7, 2026, with sole voting and dispositive power over all shares. Funded with personal funds; no activist intent stated. This is an insider ownership update for the company's own CEO — the 7.6% stake is material but reflects an ongoing operating relationship, not a new external activist position.

SC 13D/AActivist amendmentJun 26SC 13D/A
AI summary

Applied Digital Corporation filed an amended SC 13D/A on June 26, 2026 reporting beneficial ownership of 139,528,227 shares of ChronoScale Corp common stock — 96.1% of the class — with sole voting and dispositive power. The amendment discloses that on June 26, 2026, ChronoScale entered into an unsecured Demand Grid Promissory Note with Applied Digital, making available a line of credit of up to $100 million (net of any existing credit support already provided), bearing interest at the short-term Applicable Federal Rate; no advances have been drawn to date, with proceeds intended for working capital and general corporate purposes. This is an administrative intercompany financing disclosure at an entity Applied Digital already controls at ~96%, representing minimal change in effective economic or governance exposure.

8-KMaterial agreementJun 268-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale
AI summary

Applied Digital Corporation, via subsidiary APLD Intermediate HoldCo LLC, entered into an Incremental Assumption Agreement on June 26, 2026 expanding its revolving credit facility to $430 million, with First National Bank of Omaha as administrative and collateral agent. The Credit Agreement provides a secured revolving facility maturing May 28, 2029, including a $430 million letter of credit sub-facility (which reduces cash availability), with capacity to expand by an additional $120 million for a total of $550 million; interest accrues at SOFR plus an applicable margin. The expansion crossed the materiality threshold, triggering disclosure under Items 1.01 and 2.03, with Item 3.02 indicating a rating-agency or covenant notification. This meaningfully boosts Applied Digital's liquidity for its AI data center buildout, though the large letter of credit sub-facility suggests much of the capacity is committed to project performance bonds rather than unrestricted cash draws.

8-K/AMaterial agreement (amended)Jun 178-K/A — Item 1.01: Material agreement
AI summary

Applied Digital Corporation (Nasdaq: APLD) filed an 8-K/A amending its March 10, 2026 8-K under Item 1.01 (material definitive agreement). This amendment updates or adds exhibits to an original agreement filed nearly three months prior. The specific agreement being amended — likely a customer hosting contract, financing agreement, or strategic partnership — and the nature of the amendment are in the body exhibits not included in the excerpt. For a data center company in active growth mode, a material agreement amendment could reflect significant contract modifications.

8-KMaterial agreementJun 168-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

Applied Digital Corp. (APLD) entered into a material definitive agreement (Item 1.01) and created a direct financial obligation (Item 2.03) per an 8-K filed June 16, 2026. Body unavailable — excerpt cuts off before the agreement counterparty, terms, or obligation amount are disclosed.

8-KPress release / Reg FDJun 98-K — Item 7.01: Press release / Reg FD
AI summary

Applied Digital Corporation disclosed via Reg FD on June 8, 2026 that it signed a long-term lease agreement at its Delta Forge 2 Campus, a purpose-built AI Factory campus located in an unspecified new southern state, and also released an updated investor presentation on June 9, 2026. Financial terms of the lease were not disclosed in this filing. This is an operational update consistent with Applied Digital's active AI compute campus build-out strategy.

8-KPress release / Reg FDJun 98-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Applied Digital Corporation disclosed on June 9, 2026 the intention of APLD ComputeCo 3 LLC to offer $1.59 billion in 7.000% senior secured notes due 2031 (the same-day pricing was separately reported in a companion 8-K), with proceeds earmarked for Polaris Forge 1 ELN-04 (150 MW) construction in Ellendale, ND, Goldman Sachs bridge loan repayment, debt service reserves, and transaction costs. Via Reg FD, the company also disclosed a June 5 MOU to assign the ELN-04 CoreWeave lease to a CoreWeave subsidiary contingent on that entity achieving investment-grade credit, and furnished updated investor presentation slides. Together with the same-day pricing announcement, this marks a transformative financing event for Applied Digital's AI compute infrastructure build-out.

3New insider — initial holdingsMay 153
AI summary

Form filed by More than One Reporting Person Table I - Non-De filed a Form 3 (initial ownership statement) for APLD on 2026-05-15, initiating required Section 16 reporting. Role: of Reporting Person. Form 3 is a mandatory administrative filing upon first becoming an insider or 10%+ holder; it does not reflect a purchase or sale event.

+ 16 other (4 13Gs · 2 earnings 8-Ks · 2 proxys · 2 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

AI Cloud Spending Is Splitting Companies Into the Funded and the Stretchedfool.com·17h agoApplied Digital Sinks 4% as Rotation Out of Debt-Funded AI Builders Extends; TeraWulf Dips 3%, Core Scientific Retreats 2%247wallst.com·18h agoData Center Stocks Tumble as Financing Costs Draw Scrutiny: Cipher Digital Tumbles 9%, Applied Digital Falls 6%247wallst.com·2d agoCipher Digital Falls 5% as $850M Zero-Coupon Note Pricing Extends Slide; Applied Digital Declines 6%, IREN Drops 4%247wallst.com·3d agoCipher Digital Tumbles 14% on $850M Convertible Note Offering and Share Exchange; Applied Digital Drops 5%247wallst.com·4d ago

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AI InfrastructureCrypto Equity PlaysAI Neocloud & GPU Cloud

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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