Applied Digital Likely To Report Wider Q3 Loss

These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Apr. 6, 2026 at 7:33am

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Applied Digital Corporation, a Dallas-based company, is set to release its third-quarter earnings on April 8. Analysts expect the company to report a quarterly loss of 21 cents per share, compared to a loss of 8 cents per share in the year-ago period. The consensus estimate for Applied Digital's quarterly revenue is $78.48 million, up from $52.92 million last year. The company recently amended and restructured its data center lease agreements with CoreWeave, Inc. while adding new credit support mechanisms tied to the arrangements.

Why it matters

Applied Digital's financial performance and its ability to manage its data center operations are closely watched by investors, as the company operates in the rapidly evolving technology and data infrastructure sectors. The company's earnings report and any updates on its lease agreements and credit support mechanisms will provide insights into its financial health and strategic direction.

The details

Analysts expect Applied Digital to report a quarterly loss of 21 cents per share, wider than the 8 cents per share loss reported in the same period last year. The company's revenue is expected to reach $78.48 million, up from $52.92 million in the year-ago quarter. These forecasts come as Applied Digital has recently amended and restructured its data center lease agreements with CoreWeave, Inc., adding new credit support mechanisms to the arrangements.

  • Applied Digital will release its Q3 earnings on April 8, 2026.
  • In the year-ago period, the company reported a loss of 8 cents per share.

The players

Applied Digital Corporation

A Dallas, Texas-based technology company that operates data centers and provides digital infrastructure solutions.

CoreWeave, Inc.

A company that provides data center and cloud computing services, and with whom Applied Digital has amended its lease agreements.

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The takeaway

Applied Digital's upcoming earnings report will provide insights into the company's financial performance and its ability to manage its data center operations, which are crucial for its long-term growth and competitiveness in the rapidly evolving technology and infrastructure sectors.