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Applied Digital beats Q4 expectations, driven by AI data center growth and strong backlog.

Company Fundamentals
18 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Applied Digital reported Q4 earnings and revenue above expectations, highlighting its role as a major beneficiary of the AI-driven data center investment boom. The company's gross margin is improving due to a shift toward higher-margin data center lease revenues and full operation of its Polaris Forge campus. With a contracted backlog of $35.7 billion, potentially rising to $85.7 billion with lease extensions, Applied Digital has strong long-term growth visibility. Analysts recommend building a position after recent price corrections, citing secular capital expenditure trends and potential for stock revaluation.

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