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Applied Digital is scaling contracted AI capacity, securing lower-cost financing and targeting a $1 billion annual NOI run rate within one year.

Applied Digital (NASDAQ:APLD) reported fiscal fourth-quarter revenue of $258.7 million for the period ended May 31, 2026, as the company expanded its contracted AI data center capacity and secured financing for additional campuses. Chairman and CEO Wes Cummins said the company signed leases for fiv

Digital infrastructure provider Applied Digital (NASDAQ:APLD) will be reporting earnings this Monday after market close. Here’s what to expect.

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Applied Digital operates like a landlord collecting rent on AI infrastructure, and its backlog of signed leases tells a story that Wall Street analysts are scrambling to price in before the next earnings report drops.

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The project pipeline for data centers in North America increased by 4% in June from May, with hyperscalers driving the growth.

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(Bloomberg) -- When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulUS Strikes Iran in Trump Escalation Over Stalled Peace TalksTech Sto

Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta ‌Forge 2 site which is expected to generate about $5.2 ‌billion in revenue over the period, sending the company's shares up 8.7% ​in extended trading. Major technology companies are raising their spending on data centers to support powerful artificial intelligence models, boosting demand for electricity, computing capacity and specialized facilities. About 70% of Applied Digital's ‌contracted revenue is now ⁠backed by U.S.-based investment-grade hyperscalers, the company said on Monday.

Check out our earnings calendar for this week, as well as our previews and recaps of the more noteworthy reports.

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