Applied Digital Corporation (APLD) just put up a strong set of numbers this earnings season. In its fiscal fourth quarter of 2026, the Dallas-based data center company reported $258.7 million in revenue, far ahead of Wall Street estimates of about $94.8 million to $104.3 million. It also posted adjusted earnings of $0.04 per share, beating expectations for a loss of roughly $0.19 to $0.22.
The stock reacted quickly, with shares of Applied Digital rising about 4% in premarket trading. Investors are still leaning into the company’s growing AI data center business, especially as demand for AI infrastructure keeps climbing. Hyperscalers are expected to spend over $600 billion this year alone, even with ongoing challenges around power and funding.
