NASDAQ$APLD
Applied Digital Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Applied Digital reported financial results for the fiscal first quarter ended August 31, 2022.
Applied Digital's fiscal first quarter 2023 revenue was $6.9 million, at the high-end of guidance. The company's adjusted EBITDA was $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million.
- Fiscal first quarter 2023 revenue of $6.9 million, at the high-end of guidance.
- Fiscal first quarter 2023 adjusted EBITDA of $(1.9) million, compared to adjusted EBITDA guidance of ($1.8) million) to ($2.2) million.
- Announced planned corporate name change to “Applied Digital Corporation”.
- Broke ground on third co-hosting facility on September 8, 2022, located in Ellendale, North Dakota with planned hosting capacity of 180MW.
Headline financials
Revenue & EPS history
Applied Digital · Revenue · Quarterly
$6.92M
Revenue by segment
Applied Digital · $240M total across 2 segments · Q4 2025
- HPC Hosting$203M—84.5%
- Data Center Hosting$37.3M—15.5%
Forward guidance
The company is focused on building to nearly 500MW of hosting capacity by early calendar 2023, all of which is already contracted. Once operational, this should translate to $100 million of annualized adjusted EBITDA.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2023
+5.3%
Avg return
Earnings day
+11.0%
Avg return
5 days after
+21.6%
Avg return
30 days after
75%
15 / 20 earnings
Positive
+32.6%
Q4 2023
Best reaction
-35.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2026 | +14.1% | +13.2% | +48.4% | |
| Q2 2026 | +7.8% | +13.0% | +9.4% | |
| Q1 2026 | +16.0% | +28.9% | +5.8% | |
| Q3 2025 | -35.9% | -26.4% | +4.1% | |
| Q2 2025 | +7.7% | +14.6% | +1.9% | |
| Q1 2025 | -12.2% | -3.8% | -3.7% | |
| Q4 2024 | -19.2% | -22.8% | +73.2% | |
| Q3 2024 | -9.4% | -18.1% | +10.7% | |
| Q2 2024 | -31.5% | -35.1% | -34.0% | |
| Q1 2024 | +4.8% | -0.8% | -5.4% | |
| Q4 2023 | +32.6% | +21.8% | -12.2% | |
| Q3 2023 | +22.8% | +40.9% | +57.7% | |
| Q2 2023 | +16.7% | +15.1% | +83.3% | |
| Q1 2022 | +14.9% | +21.4% | +39.3% | |
| Q1 2023 | +8.7% | +20.6% | +31.2% | |
| Q2 2022 | +1.0% | +8.7% | -15.5% | |
| Q4 2022 | +4.0% | +5.1% | -19.7% | |
| Q3 2021 | +21.1% | +41.1% | +52.2% | |
| Q4 2021 | +21.1% | +41.1% | +52.2% | |
| Q3 2022 | +21.1% | +41.1% | +52.2% | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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