TLDR
- Utilized Digital (APLD) beat Q2 FY2026 earnings estimates with $0.00 EPS versus anticipated -$0.12 per part loss
- Earnings jumped 98.2% twelve months-over-twelve months to $126.59 million, crushing analyst expectations of $85.34 million
- The firm signed leases with two hyperscalers across two North Dakota campuses
- APLD stock rose 5.5% in after-hours shopping and selling following the earnings announcement
- Analysts aid a Sturdy Aquire rating with a median designate target of $42.90, implying 45.1% upside skill
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Utilized Digital Company reported second-quarter results that sent shares hiking in after-hours shopping and selling. The AI files center firm delivered earnings per part of $0.00, beating the analyst consensus estimate calling for an absence of $0.12 per part.
Utilized Digital Company, APLD
Earnings came in at $126.59 million for the quarter ending November 30. That’s a 98.2% leap from the same period final twelve months. Analysts had anticipated earnings of fine $85.34 million, making the beat even more spectacular.
The stock jumped 5.5% in extended shopping and selling as investors digested the upper-than-anticipated numbers. Wall Aspect road has been watching Utilized Digital closely as ask for AI files center capacity continues to develop.
$APLD (Utilized Digital) #earnings are out: pic.twitter.com/MjPoKuaFjY
— The Earnings Correspondent (@earnings_guy) January 7, 2026
Utilized Digital launched it signed leases with two hyperscalers across two campuses in North Dakota. The offers observe a strategic expansion within the Dakotas build.
CEO Wes Cummins explained the firm’s positioning within the build. “The Dakotas signify a compelling build for hyperscalers attributable to their frigid climate and important vitality,” Cummins acknowledged. He pointed to Utilized Digital’s first-mover advantage and skills to attain complicated files center building.
Modern Deals within the Pipeline
The firm is in advanced discussions with yet every other funding-grade hyperscaler. These talks veil multiple areas along with more locations within the Dakotas and decide southern U.S. markets.
Cummins noteworthy that inbound ask has elevated meaningfully after securing the main two hyperscalers. “We predict about we’re successfully positioned to open up building within the shut to term on these recent sites,” he acknowledged.
The firm reported earnings allege of 250% twelve months-over-twelve months on an adjusted basis. This allege price reveals the accelerating ask for AI infrastructure.
Utilized Digital hosted a conference call at 5 p.m. EST to debate the quarterly results. The resolution gave investors and analysts a huge gamble to listen to more tiny print about the firm’s performance and outlook.
Analyst Expectations
Wall Aspect road analysts aid a Sturdy Aquire consensus rating on APLD stock. Out of 11 analysts masking the stock, all 11 have Aquire rankings with zero Defend or Sell rankings.
The average designate target sits at $42.90 per part. This represents skill upside of 45.1% from latest ranges. Analysts will likely replace their designate targets and estimates following the earnings beat.
The quarter ending November 30 marked the second quarter of Utilized Digital’s fiscal twelve months 2026. The firm broke even on an adjusted per-part basis for the period of the period.
Utilized Digital’s skill to staunch multiple hyperscaler offers positions the firm as a key participant in AI infrastructure. The North Dakota campuses give the firm a foothold in a build bright to monumental cloud suppliers.
The firm emphasized its confirmed observe document of executing technically complicated files center building initiatives. This functionality helped fetch the hyperscaler contracts.
Utilized Digital signed the hyperscaler leases across two separate North Dakota campuses, rising its geographic footprint within the build.
