QumulusAI signed customer contract value rises 85% to $523.4 million
QMLS•QumulusAI said signed customer contracts reached $523.4 million, up 85% from $282.5 million reported with its second-quarter 2026 results. The agreements represent about $209 million in annual recurring revenue over their initial terms.
1. Contract value grows
QumulusAI said signed customer contracts reached $523.4 million, up 85% from $282.5 million reported with second-quarter 2026 results. The agreements represent about $209 million in annual recurring revenue over their initial terms, excluding extension options.
2. GPU and data center capacity
All GPUs under a $71.9 million, three-year Blackwell agreement entered production and billing within 10 weeks of signing. Revenue-generating capacity totals 7 MW, with another 1 MW scheduled for final handoff by month-end. The remaining 3.75 MW in Atlanta, covered by a $211.9 million, three-year take-or-pay agreement, is targeted for activation in early 2027.
