Movement Alert|Applied Digital Corp Rises 5.17% in Pre-Market Trading, Strong Earnings Expectations and AI Data Center Orders Drive Momentum

Market Focus
Jul 21

On July 21, Applied Digital Corp rose 5.17% in pre-market trading, trading at $29.3/share, with turnover of $1.0557 million.

On the news front, the company is scheduled to report earnings on July 27. Market consensus expects quarterly revenue of approximately $94.84 million, representing a 156.29% year-over-year increase. Adjusted EPS loss is expected to narrow to -$0.22, a 46.24% improvement year-over-year. The core high-performance computing hosting business posted revenue growth of 149.48% last quarter and continues to scale.

In addition, the company has secured a series of major contracts and financing milestones: a 15-year lease for the Delta Forge 2 campus with a U.S. investment-grade hyperscaler worth approximately $5.2 billion in contract revenue, a $1.59 billion senior secured notes offering to fund expansion, a $550 million revolving credit facility, and a 430MW power supply agreement for its North Dakota AI factory. The total signed contract portfolio has risen to approximately $36 billion, signaling an accelerating AI compute infrastructure buildout.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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