Applied Digital shares rise after Q4 results top estimates, revenue up 407%
AI Market Summary
Applied Digital's Q4 results showed a sharp acceleration in top-line growth, led by services and data center revenue, reinforcing its positioning as an AI infrastructure platform. The disclosure of ~1,410MW of contracted critical IT load and rising live capacity supports visibility on future utilization, while a sizable cash balance offsets—though does not eliminate—attention on $5B of debt. Shares rose in after-hours trading, indicating positive near-term sentiment.
Impact level
● Medium
Affected assets
NCSKAPLD2USD/USDT-2.10%
AI Insight · NCSKAPLD2USD/USDTAI Insight
▲ Bullish
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Applied Digital (APLD) reported fourth-quarter results, with total revenue up 407% year over year to about $25.88 billion. Services revenue was $208.2 million, up 308%, and data center revenue totaled $50.6 million. The company said it has executed long-term leases representing about 1,410 MW of contracted critical IT load, with Polaris Forge 1 live capacity up to 175 MW. After the earnings release, the stock rose 3.17% in after-hours trading to $27.24, according to Benzinga Pro.
