Q4 FY2024 revenue bottom; sequential growth expected in Q1 FY2025
Company: Applied Digital
The claim, verbatim
Management believes fiscal Q4 2024 marked the bottom of revenues and anticipates sequential top-line improvement in Q1 fiscal 2025.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “we believe fiscal fourth quarter marked the bottom of our revenues and anticipate sequential improvements in the top line as we enter the first quarter of fiscal 2025.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The CEO's commentary in the release states both the belief that fiscal Q4 2024 was the revenue bottom and the expectation of sequential improvement in Q1 fiscal 2025.
Confirmed in the source:
- Management believes fiscal fourth quarter 2024 marked the bottom of the Company's revenues
- Management anticipates sequential top-line improvement entering the first quarter of fiscal 2025
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/105/applied-digital-reports-fiscal-fourth-quarter-and-full-year/) in full (35,062 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “we believe fiscal fourth quarter marked the bottom of our revenues and anticipate sequential improvements in the top line as we enter the first quarter of fiscal 2025.”