- Revenue of $64.2 million (vs. $50 million expected), up 84% year-over-year.
- New agreement with CoreWeave brings the campus’s 400 MW capacity to full utilization.
- Revenue of $64.2 million (vs. $50 million expected), up 84% year-over-year.
- New agreement with CoreWeave brings the campus’s 400 MW capacity to full utilization.
Applied Digital Corp significantly exceeded analysts’ expectations in the first quarter of its fiscal year, reporting revenue of $64.2 million — an 84% increase year over year. The primary source of income was data center compute capacity leasing, which accounted for nearly 60% of total revenue. The company also surprised the market with news of a new agreement with CoreWeave, which brings the Polaris Forge 1 campus to full utilization of its 400 MW capacity.
A key driver of future growth is the construction of the new Polaris Forge 2 campus, which will add another 300 MW and has the potential to scale up to 1 GW of compute power. The site is expected to go online in 2026 and reach full capacity by 2027. This indicates that the company still has significant room to grow, countering earlier concerns that it had reached its capacity limits.
While the company continues to operate at a loss and bears high capital expenditures, it has secured $5 billion in funding to support the expansion. Management believes that with growing global investment in artificial intelligence, Applied Digital is well-positioned to win additional contracts and increase revenue.
The company’s stock is currently in a strong upward trend. Since the beginning of the year, the share price has surged by approximately 350%, with the latest earnings results further boosting investor interest
Source: xStation5
Economic calendar: Macroeconomics and Fed Officials’ Speeches in Focus (31.10.2025)
Morning wrap (31.10.2025)
Amazon and Apple beat estimates. Will it lift Wall Street higher?
Apple slightly gains after earnings 🗽China sales misses estimates
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
