Applied Digital Reports Fiscal First Quarter 2026 Results
1. APLAD revenue rose 84% to $64.2 million in Q1 fiscal 2026. 2. Net loss of $27.8 million improved by 275% compared to last year. 3. New lease agreement with CoreWeave valued at $11 billion confirmed. 4. Initial funding of $112.5 million secured for growth from Macquarie. 5. Projected NOI run rate targets $500 million by 2026, $1 billion in five years.