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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |