Applied Digital Corporation (NASDAQ:APLD) Q1 2026 Earnings Call October 9, 2025 5:00 PM EDT

Company Participants

Wesley Cummins – Chairman, CEO, President, Secretary & Treasurer
Mohammad Saidal Mohmand – Chief Financial Officer

Conference Call Participants

Matt Glover – Gateway Group, Inc.
Nick Giles – B. Riley Securities, Inc., Research Division
Robert Brown – Lake Street Capital Markets, LLC, Research Division
Mike Grondahl – Northland Capital Markets, Research Division
Darren Aftahi – ROTH Capital Partners, LLC, Research Division
Logan Lillehaug
Michael Donovan – Compass Point Research & Trading, LLC, Research Division
Austin Douglas Ortiz

Presentation

Operator

Good afternoon, and welcome to Applied Digital’s Fiscal First Quarter 2026 Conference Call. My name is Constantine, and I will be your operator for today. Before this call, Applied Digital issued its financial results for the fiscal first quarter ended August 31, 2025 in a press release, a copy of which has been furnished in a report on a Form 8-K filed with the Securities and Exchange Commission, or SEC, and will be available in the Investor Relations section of the company’s website.

Joining us on today’s call are applied to Digital’s Chairman and CEO, Wes Cummins; and CFO, Saidal Mohmand. Following their remarks, we will be opening the call for questions. Before we begin, Matt Glover from Gateway Group will make a brief introductory statement. Mr. Glover, you may begin.

Matt Glover
Gateway Group, Inc.

Thank you, operator. Hello, everyone, and welcome to Applied Digital’s Fiscal First Quarter 2026 Conference Call. Before management begins formal remarks, we’d like to remind everyone that some statements we’re making today may be considered forward-looking statements under securities laws and involve a number of risks and uncertainties. As a result, we caution you that there are a number of factors, many of which are beyond our control, which could cause actual results and events to differ materially from those described in the forward-looking statements. For

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