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 hyperscaler leases, including major deals with CoreWeave. Despite a GAAP net loss of $110.6 million due to stock-based compensation, adjusted earnings beat expectations at $0.04 per share. CEO Wes Cummins highlighted that this buildout marks a historic expansion in critical AI infrastructure, with demand expected to remain robust.
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...
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 contract...
