Applied Digital NOI target $1 billion within five years
Company: Applied Digital
The claim, verbatim
Applied Digital expects to exceed $1 billion NOI target within the next five years
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “This strong demand across our campuses, together with our current expectation for additional leases leads us to expect that we will now exceed our $1 billion NOI target within the next five years.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Management commentary in the release says strong demand and expected additional leases lead the company to expect it will now exceed its $1 billion NOI target within the next five years.
Confirmed in the source:
- Applied Digital has a $1 billion NOI target
- Applied Digital expects to exceed its $1 billion NOI target within the next five years
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/142/applied-digital-reports-fiscal-second-quarter-2026-results/) in full (45,559 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “This strong demand across our campuses, together with our current expectation for additional leases leads us to expect that we will now exceed our $1 billion NOI target within the next five years.”