Applied Digital Q1 2027 Revenue Surges 322% to $342M, Beating Estimates Amid AI Data Center Expansion
Applied Digital reported fiscal Q1 2027 revenue of $341.9 million, up 322% year-over-year, significantly exceeding analyst expectations. The company achieved adjusted EBITDA of $64.4 million and expanded live capacity at its North Dakota campuses to 250 MW. Key developments include a $5.2 billion lease with a hyperscaler in Alabama and the first international power agreement in Finland.