Applied Digital designs, builds and operates data centers optimized for high-performance computing and AI training and inference workloads. Facilities provide power-dense hosting and related infrastructure for cloud and enterprise customers that need capacity beyond traditional enterprise data centers. The model emphasizes rapid deployment of large-scale GPU-ready capacity in locations chosen for power availability and cost.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | -33.3 | — | -53.9 | — |
| Q3 2025 | 64.2 | — | -18.5 | — |
| Q4 2025 | 126.6 | — | -19.1 | — |
| Q1 2026 | 126.6 | — | -100.9 | — |
| Q2 2026 | 258.8 | — | -111.7 | — |
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