BULLISHHHHH!!
APLD Q2 2026 Results – Quick Take
- Revenue: $126.6M vs $36.2M YoY (+250%). Likely above expectations due to HPC hosting (Polaris Forge 1) and CoreWeave fit-outs. Bullish.
- Net Loss / EPS: $31.2M loss ($0.11/share) vs $129M loss last year. Loss significantly smaller than expected. Bullish.
- Adjusted EBITDA: $20.2M vs $6.1M last year. Strong operational improvement. Bullish.
- Polaris Forge / HPC: 100 MW online at Polaris Forge 1; first hyperscaler lease generated ~$12M plus $73M fit-out revenue. Polaris Forge 2 secured a 200 MW lease (~$5B potential). Bullish.
- Cash & Debt: $2.3B cash vs $2.6B debt, financing framework solid. Bullish.
- Risks: Net loss continues, high CapEx, dependence on a few hyperscalers, cloud spinout execution risk. Neutral-to-minor bear.
Bottom line: Revenue, EBITDA, and operational milestones exceeded expectations. Strong liquidity and long-term hyperscaler leases make this a clearly bullish quarter, despite the ongoing net loss.
https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results
Posted by LarryBlink
10 Comments
APLD – Apple, Degen version
Great numbers! Bullish!
reminds me of PLTR in 24 and OKLO in 25
And it’s dropping
Lol
Nbis and Apld are good plays. Have patience
Applied Degenerates!
As long as my Mar 20 $30c print soon, I dont care.
So TLDR: still losing money? Should have started with the last sentence 😀
OP posted “bullish” 7 times. The shamelessness of trying to pump your own bags so aggressively is inspiring.
What happened to them to make it such a shitty company? Big P/B for a company with sizable debt and large negative P/E in an industry that relies on crypto mining and AI line going up forever.