Filing Flows › Applied Digital (APLD) › Q1 FY27
Applied Digital (APLD) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 7, 2026
Applied Digital (APLD) reported revenue of $342M for the first quarter fiscal 2027 (Q1 FY27), +322% from a year earlier and +23% from the quarter before. Operating margin was -18.2%, net loss $184M (53.8% of revenue).
Applied Digital, Q1 FY27: revenue $342M (+322% year over year), operating margin -18.2%, net loss $184M, operating cash flow $63.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $342M | +23% | +322% |
| Operating profit | −$62.4M | — | — |
| Net earnings | −$184M | — | — |
| Operating cash flow | $63.9M | -52% | — |
What changed
Revenue was $341.9M in Q1 FY27, up 322% year over year and up 23% from the previous quarter.
Operating costs exceeded revenue by $62.4M, an operating margin of -18.2%. Total costs grew 346% against revenue growth of 322%. The fastest-growing cost line was Other operating costs (+1741%). The quarter ended with a net loss of $184.1M, wider than the previous quarter's $82.4M loss. Net interest and other expense of $119.8M was the main reason.
Operating cash flow was $63.9M. Non-cash charges added back $41.9M of depreciation and amortization and $66.5M of share-based compensation. Working capital and other items added $139.6M. Capital expenditures of $2,074.7M exceeded it, leaving free cash flow of −$2,010.8M.
Questions
What was Applied Digital's revenue in the first quarter fiscal 2027?
Applied Digital (APLD) reported revenue of $342M for the first quarter fiscal 2027 (Q1 FY27), +322% from a year earlier and +23% from the quarter before.
Was Applied Digital profitable in the first quarter fiscal 2027?
Operating loss was $62.4M (-18.2% of revenue) and net loss $184M.
Source: Applied Digital 10-Q on SEC EDGAR.