Contracted revenue backlog
Company: Applied Digital
The claim, verbatim
Applied Digital has approximately $36 billion in contracted revenue across five campuses in three states.
Source (primary)
Applied Digital Q1 Earnings Call Highlights - Yahoo Finance (-, news_article)
View cached copy (2026-10-09)Live source ↗Archive.org ↗
Quote: “the company has approximately $36 billion in contracted revenue across five campuses in three states”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
The article reports CEO Wes Cummins saying the company has approximately $36 billion in contracted revenue across five campuses in three states, which matches every part of the claim.
Confirmed in the source:
- Applied Digital has approximately $36 billion in contracted revenue
- The contracted revenue spans five campuses
- The five campuses are located in three states
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-q1-earnings-call-000214656.html) in full (15,656 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Q1 Earnings Call Highlights - Yahoo Finance
Quote: “the company has approximately $36 billion in contracted revenue across five campuses in three states”
confirms Applied Digital Revenue Jumps 322% to $341.9 Million in Fiscal First Quarter - Quiver Quantitative
Quote: “about $36 billion of contracted revenue over initial lease terms”
confirms Applied Digital Ends the Quarter With $36 Billion in Contracted Revenue as AI Moat Widens - Yahoo Finance
Quote: “Applied Digital ended fiscal Q1 of 2027 with $36 billion in contracted revenue across five campuses, three states, and two different regions of the country”
confirms Applied Digital (APLD) Falls to $20.33, Its Lowest Price in a Year - 24/7 Wall St.
Quote: “Applied Digital now has about $36 billion of contracted revenue over initial base terms.”