Applied Digital reports fiscal first quarter 2027 financial results
AI-generated image: synthetic visual, not an actual depiction of events, people, or locations.
Key Takeaways
- Applied Digital reported financial results for the fiscal first quarter ended August 31, 2026.
- Results consolidate the performance of ChronoScale Holdings Corporation, the company's majority-owned cloud platform.
- The company operates purpose-built data centers for HPC, AI, and machine learning workloads.
Applied Digital Corporation (Nasdaq: APLD) reported its financial results for the fiscal first quarter of 2027 today, posting total revenues of $341.9 million. This top-line figure represents a 322% year-over-year increase, driven heavily by tenant fit-out services and hardware sales.
The company recorded a net loss attributable to common stockholders of $221.0 million, or $0.76 per share, while Adjusted EBITDA reached $64.4 million. When excluding the results of its majority-owned subsidiary ChronoScale, Applied Digital reported an adjusted revenue of $300.4 million and a narrowed adjusted net loss of $4.1 million.
Infrastructure Execution and Pipeline Expansion
During the quarter, Applied Digital delivered the first 75-megawatt (MW) phase of Building 2 at its Polaris Forge 1 campus. Subsequent to the quarter on October 1, the company delivered the second 75 MW phase, bringing total operational critical IT load at the site to 250 MW across 10 data halls.
