Applied Digital Revenue Surges 407% on AI Infrastructure Shift

Earnings Impact 4
โดย Insider Monkey·Read original
Summary · why it matters

Applied Digital Corp reported fiscal fourth-quarter 2026 revenue of $258.7 million, a 407% increase year over year that topped estimates of $94.8 million, as its pivot from crypto-mining hosting to AI infrastructure accelerates. Full-year revenue rose 167% to $611.3 million, and adjusted earnings per share reached $0.04 versus expectations of a $0.22 loss. The company has secured approximately 1.4 gigawatts in contracted critical IT capacity and $36 billion of base-term lease revenues across five AI factory campuses, including a $7.5 billion deal at its Delta Forge 1 campus and a roughly $7 billion, 15-year lease with CoreWeave at Polaris Forge. Despite the growth, risks remain around financing large-scale projects, customer concentration, and a high short interest of 27.02% of float, while the stock trades at a trailing price-to-sales multiple of about 15 times, above the sector average of 3.5 times.

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