On July 20, Applied Digital rose 5.53% in regular trading, trading at approximately $28.31/share, with turnover of $67.73 million.
On the news front, the company is set to report earnings on July 27, with market consensus expecting 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, driven by new cabinet deployments and rising customer utilization rates.
Supporting the bullish sentiment, the company recently signed a 15-year lease with a U.S. investment-grade hyperscaler for its Delta Forge 2 campus, expected to generate approximately $5.2 billion in revenue. Additionally, Applied Digital completed a $1.59 billion senior secured notes offering to fund its Polaris Forge 1 expansion, secured a $550 million revolving credit facility, and signed a 430MW power supply agreement in North Dakota. The total contracted portfolio has risen to approximately $36 billion, signaling accelerating AI 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.)