APLD Stock Soars 6% After-Hours on Q4 Revenue Beat, $20B Hyperscaler Backlog

Applied Digital Corporation's Q4 revenue reached $258.7 million, up 407% year-over-year and significantly exceeding analyst expectations of $95.32 million. The company reported earnings per share of $0.04, compared to the expected loss of $0.28 per share. APLD stock jumped 6% after-hours following the earnings release.

The company announced a $20 billion order backlog from a hyperscaler customer across three new lease agreements at its Delta Forge and Polaris Forge facilities. This long-term contracted revenue reflects demand for Applied Digital's AI infrastructure platform serving major cloud computing operators.