Applied Digital (APLD) Stock Jumps 6% After Hours on Earnings Beat and $20 Billion Backlog
TLDR
- APLD surged over 6% in after-hours trading following its Q4 fiscal earnings release
- Revenue hit $258.7 million, a 581% year-over-year jump, crushing the $104.3 million estimate
- EPS came in at $0.04, beating analyst forecasts of a $0.19 loss
- The company announced a $20 billion order backlog tied to a major hyperscaler
- Wall Street holds a Strong Buy consensus with an average price target of $71.50
Applied Digital stock jumped more than 6% in after-hours trading on July 27 after the company dropped a fiscal fourth-quarter earnings report that blew past Wall Street estimates on nearly every metric.
The stock was trading around $26.91 heading into the print.
APLD posted revenue of $258.7 million for the quarter, a 581% increase year over year. That result crushed the analyst consensus estimate of $104.3 million by 148%.
The revenue surge was driven by new AI infrastructure deployments and rising demand from hyperscale customers needing specialized compute capacity.
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