Applied Digital beats quarterly revenue estimates
08/04/2026 21:07
April 8 (Reuters) - Applied Digital APLD.O on Wednesday beat estimates for quarterly revenue, driven by steady demand for its data center services used by enterprises to support a boom in generative AI applications. The company reported revenue of $126.6 million for the fiscal third quarter, compared with analysts' estimates of $76.6 million, according to data compiled by LSEG. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Leroy Leo) ((HarshitaMary.Varghese@thomsonreuters.com;))
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