Applied Digital Reports Fiscal Second Quarter 2026 Results
Applied Digital Corporation (APLD)••business
Key Points:
- Applied Digital Corporation reported a 250% revenue increase to $126.6 million for Q2 fiscal 2026, with a net loss attributable to common stockholders reduced by 76% to $31.2 million compared to the prior year period. Adjusted EBITDA improved to $20.2 million from $6.1 million in the previous year quarter.
- The company achieved Ready-for-Service status at Polaris Forge 1, delivering 100 MW on schedule, and secured a 15-year lease for 200 MW at Polaris Forge 2 with a U.S.-based investment-grade hyperscaler, expected to generate approximately $5 billion in revenue.
- Applied Digital completed a $2.35 billion private offering of senior secured notes and drew
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