Applied Digital posts Q1 2027 revenue of $341.9 M, net loss of $221 M and launches Finland power deal
Applied Digital Corp. reported fiscal first‑quarter 2027 results on Oct. 7, 2026. Revenue jumped to $341.9 million, a 322 % year‑over‑year increase, while the company posted a GAAP net loss of $221.0 million. Adjusted results showed a loss of $0.01 per share and adjusted EBITDA of $64.4 million. The firm also closed a $1.59 billion senior secured note issuance and announced a power‑capacity agreement for up to roughly 1 GW in Finland.
Why it matters
The revenue beat and strong cash position ($3.7 billion) give the company runway to fund its AI‑factory build‑out, but the large GAAP loss highlights ongoing high costs. UBS initiated coverage with a $38 price target, indicating analysts see upside if the capacity expansion proceeds (source 7).
Key facts
- 1Revenue was $341.9 million, up 322 % from the prior‑year comparable period. globenewswire.com
- 2GAAP net loss attributable to common stockholders was $221.0 million. globenewswire.com
- 3Adjusted revenue, which excludes the ChronoScale unit, was $300.4 million. globenewswire.com
- 4Adjusted loss per diluted share was $0.01. globenewswire.com
- 5Adjusted EBITDA amounted to $64.4 million. globenewswire.com
- 6The company issued $1.59 billion of 7.000 % senior secured notes due 2031, priced at par. globenewswire.com
Summary written by AlphAI AI Desk from 20 of 48 sources. Not investment advice. Figures are as stated by the linked sources.