Applied Digital shares rise about 4% after hours as fiscal Q1 2027 revenue jumps 322% to $341.9 million
AI Market Summary
Applied Digital's after-hours rise follows a major fiscal Q1'27 beat: revenue of $341.9M (+322% y/y) far exceeded consensus, and the adjusted loss narrowed to $0.01/share versus expectations. Results suggest newly delivered AI/HPC datacenter capacity is ramping, supported by a large contracted pipeline and ongoing Polaris expansion. Offsetting positives, GAAP losses remain sizable and execution/financing needs stay material.
Impact level
● Medium
Affected assets
NCSKAPLD2USD/USDT-1.76%
AI Insight · NCSKAPLD2USD/USDTAI Insight
▲ Bullish
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Applied Digital posted fiscal first-quarter 2027 revenue of $341.9 million, up 322% year over year and well above Wall Street’s $134.1 million estimate. The company reported an adjusted loss of $0.01 per share, beating expectations for a $0.26 loss. Its HPC Hosting business generated $262.6 million in quarterly revenue. Shares rose about 4% in Wednesday after-hours trading.
