Applied Digital revenue quadruples on AI data center demand

Earnings Impact 4
โดย Proactive·Read original
Summary · why it matters

Applied Digital reported fourth-quarter revenue of $258.7 million, up 407% from a year earlier, as it accelerates its shift into a pure-play AI infrastructure developer. The company posted adjusted earnings of $0.04 per share, beating analyst estimates of a loss of $0.22 per share. It is building five multibillion-dollar AI Factory campuses for two hyperscalers and CoreWeave, and has secured roughly $20 billion in newly contracted hyperscaler leases, including an $11 billion lease with CoreWeave for Polaris Forge 1 and a $5 billion hyperscaler lease for Polaris Forge 2. Adjusted EBITDA was $42.4 million, while the bulk of quarterly revenue, $152.4 million, came from one-time tenant fit-out services. GAAP net loss nearly doubled to $110.6 million, driven in part by a $127.8 million stock-based compensation charge. Shares rose 3.4% in premarket trading.

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