Applied Digital Earnings on October 7: $258.7 Million…
By Tobi Opeyemi Amure
AI summary of the source article
Applied Digital is set to release earnings for its fiscal first quarter ended August 31, 2026, on Wednesday, October 7, followed by a conference call. The upcoming report will not capture the 75 megawatts brought online at Polaris Forge 1 on October 2, which raised operational capacity to 250 MW of 400 MW contracted. In the previous quarter ended May 31, 2026, the company posted GAAP revenue of $258.7 million, up 407% year-over-year, but saw its GAAP loss widen to $110.6 million, or $0.39 per share, weighed down by higher SG&A and stock-based compensation.
Why it matters
The earnings release will test how the market balances Applied Digital's rapid top-line expansion and operational data center buildouts against persistent GAAP losses and revenue mix dependencies.
Key facts
- Applied Digital will report earnings on October 7, 2026, for the quarter ended August 31, 2026.
- Polaris Forge 1 reached 250 MW operational capacity on October 2, after the close of the fiscal first quarter.
- For the quarter ended May 31, 2026, GAAP revenue was $258.7 million and the continuing-operations loss was $110.6 million.