Applied Digital reported results for the fourth quarter of fiscal 2026, with revenue reaching $258.7 million, up about 406% from a year earlier. Adjusted earnings per share came in at $0.04, and both figures were above Wall Street expectations. The company said growth was driven mainly by its AI data center business. It also recently signed three 15-year take-or-pay agreements with an investment-grade customer, with a combined contract value of about $20 billion. In addition, Applied Digital said its bitcoin mining hosting segment generated $37.3 million in revenue last quarter, while the company has completed the spin-off of its cloud services business.
Applied Digital reported fiscal 2026 fourth-quarter revenue of $258.7 million, up about 406% year over year. Adjusted earnings per share came in at $0.04, with both results ahead of Wall Street expectations.
The company said its AI data center business was the main driver of growth during the quarter. Applied Digital also recently signed three 15-year take-or-pay agreements with an investment-grade customer, with total contract value of about $20 billion.
Its bitcoin mining hosting business contributed $37.3 million in revenue last quarter. The company has also completed the spin-off of its cloud services business.
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