Applied Digital Corp (NASDAQ:APLD) reported fourth-quarter results for fiscal 2026 after the market close on Monday. Here’s a rundown of the report.
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Applied Digital Q4 Earnings Highlights
Applied Digital reported fourth-quarter revenue of $258.75 million, beating analyst estimates of $94.84 million, according to Benzinga Pro. The digital infrastructure provider reported adjusted earnings of four cents per share for the quarter, beating estimates for a loss of 22 cents per share.
Total revenue was up 407% on a year-over-year basis. Services revenue came in at $208.2 million, up 308%, and data center revenue totaled $50.6 million.
Applied Digital ended the quarter with approximately $4.2 billion in cash, cash equivalents and restricted cash, and $5 billion of total debt.
“Nearly three years ago, we made a deliberate decision to build a company that scales, not just a company that builds data centers,” said Wes Cummins, chairman and CEO of Applied Digital.
“Combined with our proven supply chain and design approvals from every major hyperscaler, we believe this repeatable, differentiated platform is why we have emerged as one of the clear leaders in AI infrastructure.”
As of May 31, the company has executed long-term leases representing approximately 1,410 MW of contracted critical IT load across five campuses. Total live capacity at Polaris Forge 1 is up to 175 MW. Additional buildings at Polaris Forge 1, along with Polaris Forge 2, Polaris Forge 3, Delta Forge 1 and Delta Forge 2, are in various stages of construction.
Applied Digital executives will discuss the company’s quarterly results on an earnings call at 5 p.m. ET.
APLD Shares Rise After The Close
APLD Price Action: Applied Digital shares were up 3.17% in after-hours, trading at $27.24 at the time of publication on Monday, according to Benzinga Pro.
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