Applied Digital jumps after Q2 revenue beats on AI data center demand

Chronoscale

08/01/2026 09:34

** Shares of data center operator Applied Digital APLD.O up 6.3% at $31.41 premarket after Q2 revenue beat estimates

** Co posts Q2 rev of $126.6 mln vs. analysts' est. of $88 mln - data compiled by LSEG

** Demand for large-scale AI infrastructure drives growth; company secures $5 bln lease with U.S. hyperscaler for 200 MW at Polaris Forge 2 campus

** APLD now has leases with two hyperscalers across North Dakota campuses; CEO touts cool climate and abundant energy as regional advantage

** Last month, firm announced spin-off of cloud business to merge with Ekso Bionics EKSO.O, forming AI-focused ChronoScale; Applied to retain 97% ownership

** As of last close, APLD stock more than doubled over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))