$APLD (Applied Digital Corporation) reported earnings on October 7, 2026, posting quarterly revenue growth of 406.6% year over year. That is the headline number, and it is a striking one. The company has clearly expanded its top line at speed.
Beyond revenue, the picture gets harder to read. Net margin sits at -39.9%, ROE is -8.4%, and free cash flow yield is -37.6%. The data block flags earnings quality as concerning. Applied Digital is growing fast and burning cash to do it.
We do not have verified EPS figures for this quarter, so we are not drawing conclusions about earnings growth or profitability trends. For the full breakdown, see the live page at acceinvestments.com/stocks/APLD.
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We also do not have guidance commentary from management to share at this time.
What it means
The ACCE score for $APLD is 35 out of 100. The component breakdown shows where the tension is: Growth scores 64, which reflects the revenue trajectory. Value scores 10, Quality scores 25, and Momentum scores 41. The low Value and Quality scores are doing real work here. A forward P/E of 526.3 means the market is pricing in a dramatic improvement in profitability that has not yet arrived in the financials.
The analyst consensus target is $65.37 against a current price of $23.81, implying significant upside if the business reaches the scale and margins analysts expect. The stock is down 12.8% over the past year, and the market cap stands at $7.58B.
Applied Digital operates in high-performance computing infrastructure, a sector attracting heavy capital investment right now. The revenue growth rate confirms real demand for what the company is building. The question is whether it can convert that demand into something that looks like a sustainable business model. The current margins and cash flow figures say it has not done that yet.
For live price, score updates, and the full financial breakdown, visit acceinvestments.com/stocks/APLD.
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