Applied Digital Likely To Report Wider Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

by | Apr 6, 2026 | General

Applied Digital Corporation (NASDAQ:APLD) will release earnings for its third quarter after the closing bell on Wednesday, April 8.

Analysts expect the Dallas, Texas-based company to report a quarterly loss of 21 cents per share, versus a loss of 8 cents per share in the year-ago period. The consensus estimate for Applied Digital’s quarterly revenue is $78.48 million (it reported $52.92 million last year), according to Benzinga Pro.

Applied Digital recently amended and restructured its data center lease agreements with CoreWeave, Inc (NASDAQ:CRWV) while adding new credit support mechanisms tied to the arrangements.

Applied Digital shares rose 0.3% to close at $24.56 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • B. Riley Securities analyst Nick Giles maintained a Buy rating and raised the price target from $47 to $53 on Jan. 9, 2026. This analyst has an accuracy rate of 65%.
  • Needham analyst John Todaro maintained a Buy rating with a price target of $41 on Jan. 8, 2026. This analyst has an accuracy rate of 81%.
  • Northland Capital Markets analyst Mike Grondahi maintained an Outperform rating and a price target of $40 on Dec. 30, 2025. This analyst has an accuracy rate of 73%.
  • Lake Street analyst Rob Brown maintained a Buy rating with a price target of $45 on Dec. 30, 2025. This analyst has an accuracy rate of 72%.
  • Craig-Hallum analyst George Sutton maintained a Buy rating and raised the price target from $37 to $39 on Oct. 23, 2025. This analyst has an accuracy rate of 72%.

Considering buying APLD stock? Here’s what analysts think:

Photo via Shutterstock