Leadership and Expansion at Applied Digital Amidst Strong Revenue Growth

Applied Digital Corporation has formalized its executive leadership structure with the promotion of Jason Zhang to President. This move coincides with the company’s aggressive push into artificial intelligence (AI) and high-performance computing (HPC) infrastructure, a strategy underscored by its latest quarterly earnings. However, the financial results present a mixed picture of rapid top-line expansion alongside significant net losses, raising questions about the path to sustained profitability.

For its second fiscal quarter of 2026, which concluded on November 30, the data center operator reported a dramatic surge in revenue. Sales reached $126.6 million, representing a year-over-year increase of 250% and substantially exceeding analyst consensus estimates of $86.67 million.

Despite this impressive growth, Read more...