Applied Digital Corporation (APLD) reported fiscal fourth quarter results for the period ending May 31, 2026.
Quarterly revenue reached $258.7 million, significantly exceeding the consensus estimate of $95 million. This represents a 407% increase from the same period in the prior year.
The company posted adjusted net income of $0.04 per diluted share. Wall Street analysts had anticipated a loss ranging from $0.19 to $0.26 per share.
Rapid expansion of data centers for AI and high-performance computing workloads drove the performance. Full-year revenue grew 167% to $611.3 million.