Applied Digital Corporation (APLD) reported Q4 revenue of $258.7 million, up 407% from the prior year, and earnings of $0.04 per share, surpassing analyst expectations of a $0.28 loss, while announcing an order backlog of $20 billion from an unnamed hyperscaler. The revenue surge resulted from signing three new leases at Delta Forge 1, Polaris Forge 3, and Delta Forge 2, all with the same high investment-grade hyperscaler across different states. APLD stock gained 6% in after-hours trading following the announcement, though it closed the regular Monday session down 3% for its third consecutive day of decline. The data center operator stated the lease signings represent roughly $20 billion in long-term contracted revenue. The company operates within the expanding AI infrastructure sector, where demand for large-scale data center capacity continues to drive growth.
Applied Digital Reports Q4 Revenue of $258.7 Million and $20 Billion Backlog
Applied Digital's Q4 revenue of $258.7 million exceeded analyst expectations of $95.32 million. The company reported earnings of $0.04 per share, compared to the analyst consensus estimate of a $0.28 loss. The revenue increase of 407% from the prior year was driven by three new lease agreements with a single high investment-grade hyperscaler. Each lease covers a facility in a different state: Delta Forge 1, Polaris Forge 3, and Delta Forge 2. The company stated in its earnings release that these lease signings represent approximately $20 billion in long-term contracted revenue.
Applied Digital Builds Five AI Factory Campuses and Markets 1.7 GW Additional Capacity
Applied Digital announced it is constructing five multibillion-dollar AI Factory campuses for two hyperscalers and CoreWeave. Wes Cummins, Chairman and Chief Executive Officer, stated, "Nearly three years ago, we made a deliberate decision to build a company that scales, not just a company that builds data centers." The company is actively marketing an additional 1.7 GW of capacity across multiple states. Cummins added, "We are still in the early innings of what we believe will likely be the largest buildout of critical infrastructure in modern economic history."
Retail Sentiment on APLD Stock Turns Bullish After Earnings Beat
Retail sentiment on Stocktwits was classified as 'bullish' with 'high' message volumes. Retail chatter on the stock increased over 600% since the previous session. APLD stock has gained nearly 12% year-to-date.
FAQ
What did Applied Digital report for Q4 revenue?
Applied Digital reported Q4 revenue of $258.7 million, up 407% from the prior year, exceeding analyst expectations of $95.32 million.
What is the value of Applied Digital's order backlog?
Applied Digital announced an order backlog of $20 billion from an unnamed hyperscaler, representing long-term contracted revenue from three new lease signings at Delta Forge 1, Polaris Forge 3, and Delta Forge 2.
How much additional capacity is Applied Digital marketing?
Applied Digital is actively marketing an additional 1.7 GW of capacity across multiple states, in addition to constructing five multibillion-dollar AI Factory campuses for two hyperscalers and CoreWeave.
