On July 21, APPLIED DIGITAL CORP rose 6.61% in regular trading, trading at $29.51/share, with turnover of $77.62 million.
On the news front, the company is set to report earnings on July 27, with consensus estimates projecting quarterly revenue of approximately $94.84 million, representing 156.29% year-over-year growth. Adjusted EPS loss is expected to narrow to -$0.22, a 46.24% improvement. The core high-performance computing hosting business posted 149.48% revenue growth last quarter and continues to scale rapidly.
Multiple recent catalysts are reinforcing momentum: the company signed a 15-year lease for the Delta Forge 2 campus with a U.S. investment-grade hyperscaler worth approximately $5.2 billion in contract revenue; completed a $1.59 billion senior secured notes offering; secured a $550 million revolving credit facility; and signed a 430MW power supply agreement for its North Dakota AI factory. The total signed contract portfolio has risen to approximately $36 billion, signaling accelerating AI compute infrastructure expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)