Applied Digital Corporation (APLD) is about to give investors a fresh look at its numbers. The Dallas-based company reports second-quarter earnings after the closing bell on Wednesday, January 7, 2026, and Wall Street is paying close attention.
The consensus view isn't exactly rosy on the bottom line. Analysts expect Applied Digital to post a quarterly loss of 22 cents per share, which is notably worse than the 6-cent per share loss from the same quarter last year. But here's the more interesting part: revenue is expected to jump to $82.22 million, up from $63.87 million a year earlier. That's nearly 29% growth, which suggests the company is expanding even as it invests heavily in its business.
The company made some big moves just before year-end. On December 29, Applied Digital announced plans to spin out its cloud business and proposed a business combination with EKSO to launch something called ChronoScale. That's the kind of corporate maneuvering that can reshape a company's story going forward.
Shares closed at $24.52 on Wednesday, up 1.8% for the day. But what are the people who follow this company most closely thinking?
What the Smart Money Thinks
Several analysts with strong track records have weighed in recently, and they're surprisingly bullish. Here's what the most accurate forecasters are saying:
Northland Capital Markets analyst Mike Grondahl, who has a 73% accuracy rate, maintained an Outperform rating on December 30, 2025, with a $40 price target. Lake Street analyst Rob Brown, also with a 73% accuracy rate, maintained a Buy rating the same day with an even higher $45 price target.
Needham analyst John Todaro stands out with an 84% accuracy rate and maintained a Buy rating with a $41 price target back on October 29, 2025. Craig-Hallum analyst George Sutton (73% accuracy rate) not only maintained a Buy rating on October 23, 2025, but raised his price target from $37 to $39.
Finally, HC Wainwright & Co. analyst Kevin Dede, with a 66% accuracy rate, made perhaps the most dramatic move, maintaining a Buy rating while doubling his price target from $20 to $40 on October 10, 2025.
The pattern is clear: analysts who've proven themselves accurate in the past are consistently bullish on Applied Digital, even as the company continues to report losses. They're clearly betting on the revenue growth story and the company's strategic moves to pay off down the road.