Applied Digital Reports Strong Q4 Results and Signs Major Growth Contracts
Dallas-based data center company Applied Digital Corporation (APLD) reported a strong fiscal fourth-quarter performance in 2026, with revenue reaching $258.7 million—well above Wall Street estimates—and adjusted earnings of $0.04 per share, surpassing expectations for a loss. The stock rose approximately 4% premarket as investors responded positively to the results and growing demand for AI infrastructure. The company's full-year fiscal revenue reached $611.3 million in 2026, up 167% year-over-year, with adjusted EBITDA rising to $107.2 million and adjusted net income at $36.1 million. Despite a narrowing net loss of $110.6 million for the quarter, underlying financial metrics showed improvement as more capacity came online. Applied Digital also secured key contracts that support future growth, including a 210 MW long-term lease with an investment-grade hyperscaler and a power agreement to expand its North Dakota data center operations.