Applied Digital holds $16 billion in signed hyperscaler leases and analysts see 155% upside

Earnings Impact 4
โดย 24/7 Wall St.·Read original
Summary · why it matters

Applied Digital holds $16 billion in aggregate prospective lease revenue from signed hyperscaler contracts, and analysts unanimously rate the stock a buy with a $76.70 price target implying 155% upside from $30.08. The company posted Q3 FY2026 revenue of $126.64 million, up 139.3% year over year, while adjusted EBITDA rose to $44.14 million from $6.26 million a year earlier. Its 400 MW Polaris Forge 1 facility is fully contracted to CoreWeave for roughly $11 billion, and the 200 MW Polaris Forge 2 is leased to a U.S. investment-grade hyperscaler for approximately $5 billion. Management targets $1 billion in net operating income within five years, supported by a pipeline of about 1 GW across four sites. The company has $1.73 billion in cash and recently priced a $2.15 billion senior secured notes offering at 6.750% to fund Polaris Forge 2.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
Applied Digital Corporation
APLD
▲ PositiveDemandrelevance

Signed $16B in hyperscaler leases for AI data centers, with 400MW fully contracted to CoreWeave and 200MW to an investment-grade hyperscaler.

Cloud & Digital Infrastructure▲ · 1 stocks

Theme Impact 6

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