Why is APLD stock moving today?

APLD stock is reacting to mixed results: a notable EPS miss alongside rapid revenue growth and a larger contracted base. Investors are weighing a stronger 2026–2027 lease ramp and hyperscaler demand against higher leverage from $2.35 billion in 2030 notes and the timing of lease commencements and margins.

How risky is the $2.35 billion 2030 notes deal?

The notes increase interest expense and raise execution risk if lease ramps slip, potentially pressuring coverage ratios. That said, the fixed-term funding supports ongoing build-outs and customer commitments. We suggest tracking debt-to-equity (about 1.68), liquidity (current ratio near 4.82), and the pace of lease starts relative to capital spending.

What should investors watch next for APLD stock?

Key items include lease start dates, energized megawatts, utilization, and gross margin progress as sites mature. Also monitor CoreWeave lease revenue contributions, any new hyperscaler wins, and updates to the 600 MW contracted base and ~$16 billion prospective lease revenue. The next earnings date is April 13, 2026.

Is APLD stock attractive after the earnings miss?

It depends on risk tolerance. The growth case is tied to the 2026–2027 lease ramp and AI data center demand, while valuation is elevated on sales and book metrics. If execution stays on schedule, operating leverage can improve. Delays or cost overruns could pressure the shares near term.

Global Market Insights

APLD Stock Today, January 9: EPS Miss, 250% Sales Surge, $2.35B Notes

ByDanny Kontos January 9, 2026January 9, 2026

Shares of APLD are in focus after Applied Digital posted FY26 Q2 results. APLD stock reacted to a wider-than-expected loss of $0.11 per share, alongside a 250% year-over-year revenue surge to $126.6 million. Growth came from high-performance computing fit-outs and initial CoreWeave lease revenue in AI data centers. Management also closed $2.35 billion in 2030 notes and now has 600 MW under contract, pointing to about $16 billion in prospective lease revenue. We break down what the mix of an EPS miss and strong pipeline means for U.S. investors.