Q3 2026 YoY revenue growth of 407%
Company: Applied Digital
The claim, verbatim
Q3 2026 revenue increased 407% compared to the same period one year prior
Source (primary)
Applied Digital (NASDAQ: APLD) Stock Drops 47% From Peak Despite Record Revenue Growth - foreignpolicyjournal.com (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “Revenue for the three months ending May 31, 2026 reached $258.7 million, a 407% increase from the same period a year earlier”
How we checked this
Checked on September 24, 2026. The cited source supports part of this claim, but not all of it.
The article reports the 407% year-over-year increase for the three months ending May 31, 2026. It never calls that period Q3 2026.
Confirmed in the source:
- Revenue for the three months ending May 31, 2026 rose 407% from the same period a year earlier
We could not confirm this from the cited source:
- That the three months ending May 31, 2026 is Applied Digital's Q3 2026
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of the publisher (https://www.foreignpolicyjournal.com/2026/09/15/applied-digital-nasdaq-apld-stock-drops-47-from-peak-despite-record-revenue-growth/) in full (3,852 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (NASDAQ: APLD) Stock Drops 47% From Peak Despite Record Revenue Growth - foreignpolicyjournal.com
Quote: “Revenue for the three months ending May 31, 2026 reached $258.7 million, a 407% increase from the same period a year earlier”