Applied Digital reported a 407% revenue increase to $258.7 million in Q4 2026, driven by its HPC hosting business and new AI data center leases. The company secured three major 15-year take-or-pay leases totaling approximately $20 billion in contracted revenue with a top hyperscaler, expanding its AI Factory campuses to 1.4 GW of contracted IT load. Despite a net loss of $110.6 million, adjusted net income was $12.9 million, reflecting strong operational growth. Applied Digital is advancing construction and power initiatives to meet robust AI infrastructure demand, positioning itself as a leader in scalable, purpose-built data centers.
Applied Digital reported strong 4Q26 results, surpassing expectations with $258.7 million in revenue and $0.04 in non-GAAP EPS. The company has secured $36 billion in contracted lease value, a 125% increase year-over-year, largely supported by invest...
Applied Digital Corp reported a 407% increase in Q4 revenue to $258.7 million, driven by strong demand for AI data center infrastructure. The company is rapidly expanding, building five large AI Factory campuses and securing $20 billion in hyperscale...
Applied Digital reported a strong Q4 2026 revenue of $258.75 million, beating estimates by a wide margin due to high demand from AI clients, marking a 407% year-over-year increase. Despite this revenue surge, the company posted a GAAP loss with an EP...
