Date: Thursday, October 9, 2025 at 5 p.m. ET
Call Participants:
- Chairman and Chief Executive Officer -- Wes Cummins
- Chief Financial Officer -- Saidal Mohmand
- Managing Director, Gateway Group -- Matt Glover
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Full Conference Call Transcript
Operator: Good afternoon, and welcome to Applied Digital 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 Digital 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: 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 statement. For more detailed risks, uncertainties, and assumptions relating to our forward-looking statements, please see the disclosures in our earnings release and public filings made with the SEC.
We disclaim any obligation or any undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made except as required by law. We also discuss non-GAAP financial metrics and encourage you to read our disclosures in the reconciliation tables to the applicable GAAP measures in our earnings release carefully as you consider these metrics. We refer you to our filings with the SEC for detailed disclosures and descriptions of our business as well as uncertainties and other variable circumstances, including, but not limited to, risks and uncertainties identified through the caption Risk Factors in our annual report on Form 10-K and our quarterly reports on Form 10-Q.