FY2026 capital expenditures
Company: Applied Digital
The claim, verbatim
In the fiscal year ended May 2026, Applied Digital spent $2.87 billion on capital expenditures building out its Polaris Forge and Delta Forge campuses, against $89.7 million of cash from operations.
Source (primary)
Applied Digital Soars 10%, IREN Up 5%, CoreWeave Up 2% as AI Infrastructure Selloff Reverses - Yahoo Finance (-, news_article)
View cached copy (2026-10-20)Live source ↗Archive.org ↗
Quote: “In the year ended May 2026, it spent $2.87 billion on capital expenditures as it built out its Polaris Forge and Delta Forge campuses, against $89.7 million of cash from operations.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Applied Digital Soars 10%, IREN Up 5%, CoreWeave Up 2% as AI Infrastructure Selloff Reverses - Yahoo Finance
Quote: “In the year ended May 2026, it spent $2.87 billion on capital expenditures as it built out its Polaris Forge and Delta Forge campuses, against $89.7 million of cash from operations.”