Applied Digital APLD Q1 27 Post Earnings
FINANCE NOTE

Applied Digital (NASDAQ: APLD) — Q1 2027 Post Earnings

by

Operations

Q1 2027
Q1 Revenue ↑ 322.4% YoY $341.9M
Segments
Data Center Hosting 12.6%
HPC Hosting 87.4%

Key Earnings Driver

Tenant Fit-Out Services HPC Hosting revenue increased 898% year over year to $262.6M. Within HPC Hosting, tenant fit-out services generated $183.5M, an increase of approximately $157.2M. Base rent contributed $65.8M and tenant recoveries $13.3M. CEO Wes Cummins said, “Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories.”

Key Operating Metrics¹

METRIC

STATUS

Data Center Hosting↓ 0.4%

HPC Hosting↑ 898.8%

Tenant fit-out services

🟢 Scaling

Base rent

Tenant recoveries

Sources: Applied Digital Q1 FY2027 Earnings Release — Company Website, Applied Digital Q1 FY2027 Form 10-Q — SEC filing · Applied Digital Q1 FY2027 Earnings Release — SEC filing

Operations: Total Revenue is GAAP total ($341.9M). Segment % are shares of the two reportable segments ($300.4M), which exclude ChronoScale.

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Applied Digital website and/or SEC filings for Q1, with status based on reported data.