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Shares of Applied Digital Corp. (APLD) rose more than 4% in Wednesday’s extended trading hours after the company posted third-quarter (Q3) 2026 results that came in ahead of market expectations.
The company reported quarterly revenue of $126.6 million, up 139% from the prior year comparable period. Wall Street was expecting Applied Digital to report revenues of $78.47 million, according to data from Fiscal.ai.
Meanwhile, the company posted net loss per share of $0.36, compared to net loss of $0.16 per share posted in the same period of last year.
“We are seeing a clear acceleration in demand for high-performance AI data center capacity, with hyperscalers as aggressive as we have ever seen them,” said CEO Wes Cummins.
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