Thursday, 8 October, 2026
Building the AI Boom: Applied Digital Sees Revenue Triple While Net Losses Mount
By TechShots Studio
Applied Digital reported fiscal first-quarter revenues surging 322% year-over-year to $341.9 million, easily topping Wall Street expectations. However, net losses widened to $221 million ($0.76 per share) as the data center operator heavily accelerated capital expenditures and infrastructure investments to scale its next-generation AI and high-performance computing data center campuses.
Read full story at REUTERS