Applied Digital accelerates growth. Shares rise by nearly 20%.

Key takeaways

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.

Key takeaways

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

10 October 2025, 6:52 PM

Daily Summary: U.S.-China Tensions Trigger the Sharpest Sell-Off Since “Liberation Day” ✂️

10 October 2025, 6:42 PM

Three Markets to Watch Next Week (10.10.2025)

10 October 2025, 6:03 PM

U.S. government begins federal layoffs; Wall Street sell-off deepens 🔨

10 October 2025, 4:18 PM

US100 down 1.10% ✂️

stocks
CFD News

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Applied Digital accelerates growth. Shares rise by nearly 20%.

Join over 1 700 000 XTB Group Clients from around the world