Aug 12, 2026 earnings call — Landmark AI cloud deals and capacity expansion
Closed 4 landmark deals averaging more than $1 billion each, while raising year-end contracted power target to 5 gigawatts.
Revenue $0.6B (est $0.6B) · EPS $-0.12 (est $-0.72) · Next-quarter revenue outlook $3.0B–$3.4B
Key quotes
"These deals were for an average of more than $1 billion each. They represent a yield of $20 million to $25 million per megawatt, with upfront payments that cover 50%, 60% of the associated CapEx."
"We continue to build our future capacity pipeline through our own and colocated sites, and today raise our year-end contracted power target to 5 gigawatts."
"In total, customers' prepayments will bring in more than $9 billion of upfront funding this year, directly reducing the capital we need from debt and equity."