Applied Digital APLD
NASDAQ APLD
$24.41 +0.99 (+4.23%)
As of: Sep 16, 2026 · 3:59 PM EDT

Applied Digital (APLD) Capital Expenditures (2021 - 2026)

Applied Digital's (APLD) quarterly Capital Expenditures came in at $1.3 billion in Q2 2026, up 550.18% on a YoY basis from $198.3 million in Q2 2025, and up 66.29% quarter-over-quarter from $775.2 million in Q1 2026.

Analysis

Applied Digital (APLD) Capital Expenditures (2021 - 2026) Analysis & Trends

Applied Digital (APLD) has reported Capital Expenditures for 6 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Capital Expenditures rose 550.18% year-over-year to $1.3 billion; the trailing twelve-month figure through May 2026 stood at $2.9 billion (up 320.44% YoY), and the FY2026 full-year result was $2.9 billion, up 320.44% from the prior year.
  • Capital Expenditures advanced to $1.3 billion in Q2 2026 per APLD's latest filing, from $775.2 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.3 billion in Q2 2026 and bottomed at $13.2 million in Q4 2023.
  • Historically, Capital Expenditures has averaged $214.7 million across 5 years, with a median of $48.0 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: Capital Expenditures surged 133870.0% in 2022, then tumbled 65.74% in 2023.
  • Over 5 years, Capital Expenditures stood at $38.6 million in 2022, then sank by 65.74% to $13.2 million in 2023, then jumped by 726.52% to $109.4 million in 2024, then surged by 404.6% to $552.1 million in 2025, then surged by 133.5% to $1.3 billion in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $1.3 billion, $775.2 million, and $552.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 1.58 Bn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn 855.56 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn 410.30 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn 1.29 Bn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn -
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn 565.02 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn -223.03 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn -
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 1.29 Bn
Feb 28, 2026 775.21 Mn
Nov 30, 2025 552.07 Mn
Aug 31, 2025 249.42 Mn
May 31, 2025 198.26 Mn
Feb 28, 2025 257.49 Mn
Nov 30, 2024 109.41 Mn
Aug 31, 2024 116.44 Mn
May 31, 2024 57.37 Mn
Feb 29, 2024 38.61 Mn
Nov 30, 2023 13.24 Mn
Aug 31, 2023 32.59 Mn
May 31, 2023 35.06 Mn
Feb 28, 2023 25.91 Mn
Nov 30, 2022 38.63 Mn
Aug 31, 2022 31.67 Mn
May 31, 2022 26.79 Mn
Feb 28, 2022 17.87 Mn
Nov 30, 2021 5.92 Mn
Aug 31, 2021 4.39 Mn