Applied Digital APLD Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, January 22, 2026 astatine 11:25 AM CST 26 min read

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Tuesday, January 14, 2025 astatine 5:00 p.m. ET

• Chairman and Chief Executive Officer — Wes Cummins

• Chief Financial Officer — Saidal Mohmand

• Managing Director, Gateway Group — Matt Glover

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Operator: Good afternoon, and invited to Applied Digital's Fiscal Second Quarter 2025 Conference Call. My sanction is Julian, and I'll beryllium your relation for today. For this call, Applied Digital issued its fiscal results for fiscal 2nd 4th ended November 30, 2024, and a property release, a transcript of which volition beryllium furnished successful a study connected a Form 8-K filed with the SEC and volition beryllium disposable successful the Investor Relations conception of the company's website. Joining america contiguous -- oregon joining america connected today's telephone are Applied Digital's Chairman and CEO, Wes Cummins; and CFO, Saidal Mohmand. Following their remarks, we volition unfastened the telephone for questions.

Before we begin, Matt Glover from Gateway Group volition marque a little introductory statement. Mr. Glover, you whitethorn begin.

Matt Glover: Thank you, Julian. Good afternoon, everyone, and invited to Applied Digital's fiscal 2nd 4th 2025 league call. Before absorption begins ceremonial remarks, we would similar to punctual everyone that immoderate statements we're making contiguous whitethorn beryllium considered forward-looking statements nether securities laws and impact a fig of risks and uncertainties. As a result, we caution you that a fig of factors, galore of which are beyond our control, could origin existent results and events to disagree materially from those described successful the forward-looking statements. For much elaborate risks, uncertainties and assumptions relating to our forward-looking statements, delight spot the disclosures successful our net merchandise and nationalist filings made with the Securities and Exchange Commission oregon SEC.

We disclaim immoderate work oregon immoderate undertaking to update forward-looking statements to bespeak circumstances oregon events that hap aft the day of the forward-looking statements are made, but arsenic required by law. We besides sermon non-GAAP fiscal metrics and promote you to cautiously work our disclosures and the reconciliation tables to the applicable GAAP measures successful our net merchandise arsenic you see these metrics. We notation you to our filings with the SEC for elaborate disclosures and descriptions of our business, uncertainties and different adaptable circumstances, including, but not constricted to risks and uncertainties identified nether the caption Risk Factors successful our Annual Report connected Form-10 K and our Quarterly Report connected Form 10 Q.