# Applied Digital share price today (Applied Digital Corporation, APLD)

> Applied Digital Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. APLD · Technology · Information Technology Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/apld

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## Key numbers

- Price: $17.81 (−48.6% in a year)
- Revenue (Aug 2026): $342 M (+322.4% on a year ago)
- Profit (Aug 2026): −$186 M
- Operating margin: −18.2% (−8.9 points on a year ago)
- ROE: −5%, FY26
- ROIC: −2.4%, against a 16.8% cost of capital: −19.2 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Applied Digital share price today? Applied Digital Corporation's share price was $17.81 at the close on 3 November 2026. It has been moving sideways for 18 weeks. That is 42.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $18 and $47, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 17 weeks running. Over the last 10 years the share price moved +29,583% while the S&P 500 moved +247%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Applied Digital pay? Applied Digital Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Applied Digital on? Applied Digital is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Applied Digital profitable? Applied Digital Corporation posted a net loss of $186 M in the Aug 2026 quarter. The full FY26 year was a loss of $184 M. That loss is 54.3% of the quarter's revenue. The same quarter a year earlier lost $18.5 M. 12 of the last 12 reported quarters were loss-making. ## How much revenue does Applied Digital make, and is it growing? Applied Digital Corporation reported $342 M of revenue in the Aug 2026 quarter, +322.4% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 190.8% a year on average. The last full year, FY26, came in at $611 M. The last four reported quarters add to $889 M. FY26 revenue was $611 M, +167.5% on the year before. Recent pace: the last four quarters grew +289.4% on average, against 190.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +304.5%, against +148.5% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Applied Digital keep? Applied Digital Corporation's operating margin was −18.2% in the Aug 2026 quarter, 8.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between −229.1% and −28.5%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed −8.9 percentage points on the year while gross margin changed −11.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Applied Digital's profit turning into cash? Applied Digital Corporation's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 it brought in $89.7 M of operating cash against −$184 M of profit. After $2.9 B of spending on assets, free cash was −$2.8 B: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Applied Digital's cash go? Applied Digital Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $3.7 B on assets over the last 3 years. Averaged over those years that is 201.2% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $3.7 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Applied Digital's P/E ratio, and how does it compare with its own history? Applied Digital Corporation has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Applied Digital Corporation at 8.8× its FY26 revenue of $611 M. The P/E comes back here once profit turns positive. ## Is the Applied Digital business getting better or worse? Applied Digital Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 10 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Applied Digital earn on its capital? Applied Digital Corporation earned a ROE of −5% in FY26. That is up from a low of −120% in FY24. Its return on capital used (ROIC) is 19.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −30.2% net margin and 0.06× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −30.2% net margin × 0.06× asset turnover × 2.65× leverage (assets divided by equity) ≈ −4.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −2.4% − 16.8% = −19.2 percentage points. The 16.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −2.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY21 at −11.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Applied Digital have too much debt? Applied Digital Corporation has total debt of $6.5 B against shareholder equity of $3.8 B as of Aug 2026, so its debt is 1.71× its equity. Year by year, that ratio went from 0.17 in FY21 to 1.36 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Applied Digital shareholding pattern? 25.1% of Applied Digital Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 2.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Applied Digital from balance-sheet trouble? For Applied Digital Corporation, the Z-score is 0.83. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.83 is inside the danger zone, so the balance sheet is a real risk. ## How does Applied Digital rank in its industry? 30.9 out of 100, rank 26 of 28 in Information Technology Services, with 55% of the evidence available. Applied Digital Corporation scores 30.9 out of 100 against the 28 companies it is compared with in Information Technology Services, ranking 26. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 15.9 + 3.9 + 10 + 1.1 = 30.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Applied Digital compared with? Applied Digital ranks 26 of 28 Information Technology Services companies on the 4-Factor Sector Score, with 30.9 out of 100. 1. [Gartner, Inc.](https://www.sectoralpha.in/us/stocks/it) IT · breaking out · Most evidence points up · 81% evidence 70.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 0.7% · Profit -38.9% · Operating margin change 3.2 points · 83% evidence Capital efficiency 20.6/25 · ROCE 35.7% · Operating margin 22.6% · 76% evidence Valuation 14.6/20 · P/E 11.2× · PEG 0.45 · 65% evidence Relative strength 16.3/20 · Lead over its industry 7.6% · Lead over S&P 500 6.1% · 1 year -11.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.1 + 20.6 + 14.6 + 16.3 = 70.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Accenture plc](https://www.sectoralpha.in/us/stocks/acn) ACN · breaking out · Most evidence points up · 85% evidence 69.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 6.5% · Profit 9% · Operating margin change 2.6 points · 95% evidence Capital efficiency 19.3/25 · ROCE 23.7% · Operating margin 17.8% · 76% evidence Valuation 11.9/20 · P/E 13.9× · PEG 1.19 · 65% evidence Relative strength 18.8/20 · Lead over its industry 18.7% · Lead over S&P 500 16.7% · 1 year 3.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 19.6 + 19.3 + 11.9 + 18.8 = 69.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [ExlService Holdings, Inc.](https://www.sectoralpha.in/us/stocks/exls) EXLS · breaking out · Most evidence points up · 81% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 13.7% · Profit 5.5% · Operating margin change -1.2 points · 83% evidence Capital efficiency 19.1/25 · ROCE 31.8% · Operating margin 14.6% · 76% evidence Valuation 9.4/20 · P/E 15.8× · PEG 1.63 · 65% evidence Relative strength 17.9/20 · Lead over its industry 17.4% · Lead over S&P 500 16.2% · 1 year 6.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.5 + 19.1 + 9.4 + 17.9 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Broadridge Financial Solutions, Inc.](https://www.sectoralpha.in/us/stocks/br) BR · breaking out · Evidence leans up · 81% evidence 64.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 8.5% · Profit 34% · Operating margin change 0.5 points · 83% evidence Capital efficiency 17.2/25 · ROCE 17.3% · Operating margin 24.6% · 76% evidence Valuation 14.5/20 · P/E 14.1× · PEG 0.4 · 65% evidence Relative strength 12.1/20 · Lead over its industry -0.4% · Lead over S&P 500 -1.7% · 1 year -17.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.8 + 17.2 + 14.5 + 12.1 = 64.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Penguin Solutions, Inc.](https://www.sectoralpha.in/us/stocks/peng) PENG · quiet · Evidence leans up · 75% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Revenue 26.5% · Profit 100% · Operating margin change 7.4 points · 95% evidence Capital efficiency 10.4/25 · ROCE 11.3% · Operating margin 13.4% · 76% evidence Valuation 9.1/20 · P/E 16.8× · PEG n/a · 15% evidence Relative strength 13.6/20 · Lead over its industry 26.2% · Lead over S&P 500 30.5% · 1 year 145.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 30.9 + 10.4 + 9.1 + 13.6 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Genpact Limited](https://www.sectoralpha.in/us/stocks/g) G · breaking out · Evidence leans up · 81% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 6.5% · Profit 8.2% · Operating margin change 0.1 points · 83% evidence Capital efficiency 16.5/25 · ROCE 18.3% · Operating margin 15% · 76% evidence Valuation 14.8/20 · P/E 8× · PEG 0.67 · 65% evidence Relative strength 14.6/20 · Lead over its industry 2.6% · Lead over S&P 500 1.3% · 1 year -9.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.7 + 16.5 + 14.8 + 14.6 = 62.6 · What this means: Relative strength against the index is 1.3%, and revenue and profit growth are weak. 7. [Ingram Micro Holding Corporation](https://www.sectoralpha.in/us/stocks/ingm) INGM · quiet · Evidence leans up · 81% evidence 60.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/35 · Revenue 11.5% · Profit 61% · Operating margin change 0.2 points · 83% evidence Capital efficiency 12.3/25 · ROCE 14.7% · Operating margin 1.7% · 76% evidence Valuation 14.6/20 · P/E 14.7× · PEG 0.26 · 65% evidence Relative strength 7.9/20 · Lead over its industry -1.2% · Lead over S&P 500 -0.3% · 1 year 21.1% · 100% evidence · 1 of 12 weeks ahead Exact sum: 25.6 + 12.3 + 14.6 + 7.9 = 60.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [CGI Inc.](https://www.sectoralpha.in/us/stocks/gib) GIB · breaking out · Evidence leans up · 81% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 5.7% · Profit 1.1% · Operating margin change -0.1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 18.9% · Operating margin 16.2% · 76% evidence Valuation 10.8/20 · P/E 11.1× · PEG 1.6 · 65% evidence Relative strength 13.7/20 · Lead over its industry 2.4% · Lead over S&P 500 1.4% · 1 year -5.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 16.9 + 17.1 + 10.8 + 13.7 = 58.5 · What this means: Relative strength against the index is 1.4%, and revenue and profit growth are weak. 9. [Cognizant Technology Solutions Corporation](https://www.sectoralpha.in/us/stocks/ctsh) CTSH · breaking out · Evidence leans up · 81% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/35 · Revenue 5.6% · Profit -8.9% · Operating margin change 1.9 points · 83% evidence Capital efficiency 18.4/25 · ROCE 20.3% · Operating margin 17.5% · 76% evidence Valuation 12.4/20 · P/E 8.3× · PEG 1.31 · 65% evidence Relative strength 9.4/20 · Lead over its industry -2.7% · Lead over S&P 500 -4.3% · 1 year -12.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 17.1 + 18.4 + 12.4 + 9.4 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Science Applications International Corporation](https://www.sectoralpha.in/us/stocks/saic) SAIC · leader · Evidence leans up · 85% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.6/35 · Revenue -0.8% · Profit -4.8% · Operating margin change 0.2 points · 95% evidence Capital efficiency 12.7/25 · ROCE 13.9% · Operating margin 8.1% · 76% evidence Valuation 14.5/20 · P/E 13× · PEG 0.42 · 65% evidence Relative strength 18.2/20 · Lead over its industry 31.8% · Lead over S&P 500 32.2% · 1 year 65.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 11.6 + 12.7 + 14.5 + 18.2 = 57 · What this means: Relative strength against the index is 32.2%, and revenue and profit growth are weak. 11. [NIQ Global Intelligence plc](https://www.sectoralpha.in/us/stocks/niq) NIQ · leader · Evidence leans up · 61% evidence 55.0 out of 100 Growth Capital Valuation Relative
12. [Jack Henry & Associates, Inc.](https://www.sectoralpha.in/us/stocks/jkhy) JKHY · turning · Evidence leans up · 81% evidence 54.7 out of 100 Growth Capital Valuation Relative
13. [EPAM Systems, Inc.](https://www.sectoralpha.in/us/stocks/epam) EPAM · breaking out · Evidence leans up · 81% evidence 53.7 out of 100 Growth Capital Valuation Relative
14. [CDW Corporation](https://www.sectoralpha.in/us/stocks/cdw) CDW · turning · Evidence leans up · 81% evidence 52.0 out of 100 Growth Capital Valuation Relative
15. [International Business Machines Corporation](https://www.sectoralpha.in/us/stocks/ibm) IBM · turning · Evidence leans up · 85% evidence 50.9 out of 100 Growth Capital Valuation Relative
16. [Infosys Limited](https://www.sectoralpha.in/us/stocks/infy) INFY · basing · Evidence leans up · 85% evidence 50.7 out of 100 Growth Capital Valuation Relative
17. [CACI International Inc](https://www.sectoralpha.in/us/stocks/caci) CACI · leader · Evidence leans down · 85% evidence 45.9 out of 100 Growth Capital Valuation Relative
18. [Wise Group plc](https://www.sectoralpha.in/us/stocks/wse) WSE · basing · Evidence leans down · 66% evidence 43.8 out of 100 Growth Capital Valuation Relative
19. [Leidos Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ldos) LDOS · losing its lead · Too little evidence to rank firmly · 58% evidence 43.6 out of 100 Growth Capital Valuation Relative
20. [Pony AI Inc.](https://www.sectoralpha.in/us/stocks/pony) PONY · quiet · Evidence leans down · 64% evidence 41.5 out of 100 Growth Capital Valuation Relative
21. [Globant S.A.](https://www.sectoralpha.in/us/stocks/glob) GLOB · breaking out · Evidence leans down · 74% evidence 41.0 out of 100 Growth Capital Valuation Relative
22. [Fidelity National Information Services, Inc.](https://www.sectoralpha.in/us/stocks/fis) FIS · basing · Evidence leans down · 64% evidence 40.9 out of 100 Growth Capital Valuation Relative
23. [DXC Technology Company](https://www.sectoralpha.in/us/stocks/dxc) DXC · breaking out · Evidence leans down · 71% evidence 40.0 out of 100 Growth Capital Valuation Relative
24. [Cipher Digital Inc.](https://www.sectoralpha.in/us/stocks/cifr) CIFR · quiet · Evidence leans down · 64% evidence 35.5 out of 100 Growth Capital Valuation Relative
25. [Kyndryl Holdings, Inc.](https://www.sectoralpha.in/us/stocks/kd) KD · quiet · Most evidence points down · 71% evidence 31.5 out of 100 Growth Capital Valuation Relative
26. Applied Digital Corporation this page APLD · quiet · Too little evidence to rank firmly · 55% evidence 30.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue n/a · Profit n/a · Operating margin change -8.9 points · 45% evidence Capital efficiency 3.9/25 · ROCE -2.1% · Operating margin -18.2% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 1.1/20 · Lead over its industry -44% · Lead over S&P 500 -43.7% · 1 year -42.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 3.9 + 10 + 1.1 = 30.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 27. [ChronoScale Holdings Corporation](https://www.sectoralpha.in/us/stocks/chrn) CHRN · quiet · Too little evidence to rank firmly · 58% evidence 28.2 out of 100 Growth Capital Valuation Relative
28. [Parsons Corporation](https://www.sectoralpha.in/us/stocks/psn) PSN · turning · Most evidence points down · 81% evidence 25.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Information Technology Services](https://www.sectoralpha.in/us/sectors/information-technology-services), all 28 compared on one page. ## Which companies are close to Applied Digital in size? Applied Digital is the 22nd largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Ingram Micro Holding Corporation, NIQ Global Intelligence plc and Parsons Corporation. Just below it: GDS Holdings, Cipher Digital Inc. and Penguin Solutions, Inc. ### Information Technology Services companies close in size

1. [Ingram Micro Holding Corporation](https://www.sectoralpha.in/us/stocks/ingm) $6.1 billion
2. [NIQ Global Intelligence plc](https://www.sectoralpha.in/us/stocks/niq) $5.9 billion
3. [Parsons Corporation](https://www.sectoralpha.in/us/stocks/psn) $5.5 billion
4. Applied Digital Corporation $5.4 billion
5. [GDS Holdings Limited](https://www.sectoralpha.in/us/stocks/gds) $4.4 billion
6. [Cipher Digital Inc.](https://www.sectoralpha.in/us/stocks/cifr) $3.4 billion
7. [Penguin Solutions, Inc.](https://www.sectoralpha.in/us/stocks/peng) $3.2 billion

[All 52 Information Technology Services companies, largest first](https://www.sectoralpha.in/us/sectors/information-technology-services#all-companies)

### Companies close in size in other industries

1. [Credit Acceptance Corporation](https://www.sectoralpha.in/us/stocks/cacc) $4.9 billion · Credit Services
2. [Cousins Properties Incorporated](https://www.sectoralpha.in/us/stocks/cuz) $4.9 billion · REIT - Office
3. Applied Digital Corporation $4.9 billion
4. [Insight Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/nsit) $4.9 billion · Electronics & Computer Distribution
5. [Figure Technology Solutions, Inc.](https://www.sectoralpha.in/us/stocks/figr) $4.9 billion · Capital Markets

## What else do people ask about Applied Digital? ### What were Applied Digital's latest quarterly results? Applied Digital Corporation reported revenue of $342 M and a net loss of $186 M for the Aug 2026 quarter. Earnings per share were −$0.81. The operating margin was −18.2%, 8.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is Applied Digital's market cap? Applied Digital Corporation's market capitalisation is $5.4 B at a stock price of $17.81. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Applied Digital performing? Applied Digital Corporation's share price has been moving sideways for 18 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 17 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Applied Digital's stock price go up? This page does not forecast Applied Digital Corporation's stock price. What it shows instead: the stock price is $17.81, and it has been moving sideways for 18 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Applied Digital in its business cycle? Applied Digital Corporation's FY26 operating margin was −28.5%, against a 5-year range of −229.1% to −28.5%: the middle of its own range, neither a peak nor a low. The latest quarter was −18.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Applied Digital story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Applied Digital a stock worth studying right now? What the numbers show: Applied Digital Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.