Applied Digital targets 3.5 to 4 GW by end of 2030 as it expects over 600 MW to enter service in the next 12 months (NASDAQ:APLD)

Applied Digital’s Hidden Moat Could Unlock Massive Upside

Applied Digital posted Q1 FY2027 revenue of $341.9 million, up over 320% year over year, as it added data center capacity and analysts reaffirmed bullish price targets despite a mixed stock reaction.

Watch Applied Digital CEO on Q1 Results

Applied Digital shares fell about 2.5% after its earnings report, despite first-quarter revenue rising more than 320% year over year and beating estimates. Founder and CEO Wes Cummins said that gap should narrow faster over the next 12 months, with all contracted capacity expected to be online in roughly 20 to 22 months. He speaks with Romaine Bostick & Jess Menton on "The Close."

Applied Digital targets 3.5 to 4 GW by end of 2030 as it expects over 600 MW to enter service in the next 12 months (NASDAQ:APLD)

Applied Digital (APLD) Q1 2027 earnings call: $36B contracted revenue, 600MW ramp, expansion pricing, ND PPA & Finland option—get key takeaways now.

Applied Digital posts $341.9 million quarter and targets up to 4GW by 2030

Applied Digital's ambitious growth targets highlight the increasing demand for AI infrastructure, potentially reshaping the data center industry.

Applied Digital Targets 3.5 GW to 4 GW by End of 2030

The company expects more than 600 megawatts to enter service over the next 12 months as it expands data centers for high-performance computing and artificial intelligence.