$36B long-term lease contract backlog
Company: Applied Digital
The claim, verbatim
Management said on the fiscal Q4 2026 earnings call that Applied Digital holds $36 billion of long-term lease contracts for its HPC hosting AI data centers, leased to hyperscalers.
Source (primary)
Has Buying Applied Digital Stock’s Dips Paid Off? - Trefis (-, news_article)
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Quote: “Management said on the fiscal Q4 2026 call that the company holds $36 billion of long-term lease contracts”
How we checked this
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Additional evidence
confirms Has Buying Applied Digital Stock’s Dips Paid Off? - Trefis
Quote: “Management said on the fiscal Q4 2026 call that the company holds $36 billion of long-term lease contracts”