$36 billion revenue backlog
Company: Applied Digital
The claim, verbatim
Applied Digital has a US$36 billion mostly hyperscaler-backed contracted revenue backlog
Source (primary)
Applied Digital (APLD) Is Down 5.6% After Higher Yields Pressure Backlog Value And Financing Costs - simplywall.st (-, news_article)
View cached copy (2026-09-05)Live source ↗Archive.org ↗
Quote: “its US$36 billion, mostly hyperscaler-backed backlog”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states Applied Digital's US$36 billion, mostly hyperscaler-backed backlog and refers to it as a large contracted revenue backlog, establishing every part of the claim.
Confirmed in the source:
- Applied Digital has a US$36 billion backlog
- The backlog is mostly hyperscaler-backed
- The backlog consists of contracted revenue
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-56-after-higher-yields-pressure) in full (12,131 characters, retrieved September 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital (APLD) Is Down 5.6% After Higher Yields Pressure Backlog Value And Financing Costs - simplywall.st
Quote: “its US$36 billion, mostly hyperscaler-backed backlog”