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Revenue projection for 2029

Company: Applied Digital

Subject kind
guidance
Statement date
2026-08-20
Promised by
2029-12-31
Promised amount
2400000000.0 USD
Current status
stated

The claim, verbatim

Projects $2.4 billion in revenue by 2029

Source (primary)

Applied Digital (APLD) Is Down 6.4% After Tiger Global Backs US$36 Billion AI Lease Push - simplywall.st (-, news_article)
View cached copy (2026-08-31)Live source ↗

Quote: “Applied Digital's narrative projects $2.4 billion revenue and $117.0 million earnings by 2029”

How we checked this

Checked on September 19, 2026. The cited source supports every part of this claim.

The document states the narrative projects $2.4 billion revenue by 2029.

Confirmed in the source:

What we did: Read our cached copy of the publisher (https://simplywall.st/stocks/us/software/nasdaq-apld/applied-digital/news/applied-digital-apld-is-down-64-after-tiger-global-backs-us3) in full (12,341 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Applied Digital (APLD) Is Down 6.4% After Tiger Global Backs US$36 Billion AI Lease Push - simplywall.st

Quote: “Applied Digital's narrative projects $2.4 billion revenue and $117.0 million earnings by 2029”

View cached copy (2026-08-31)Live source ↗