Nebius Group N.V. Earnings Recaps
Q1 2026
May 15, 2026
Nebius’s shares surged 23.5% following an upbeat report driven by strong execution across capacity expansion, platform development, and customer demand that clearly beat market expectations.
Key takeaways
- Contracted power capacity rose to more than 3.5 gigawatts, surpassing prior guidance and with a new Pennsylvania site adding 1.2 gigawatts.
- The company enhanced its full-stack AI platform with three strategic acquisitions—Tavily, Eigen, and Clarifai—to strengthen inference optimization and agentic search capabilities.
- Demand momentum accelerated with pipeline generation growing 3.5x quarter-over-quarter, and broad customer adoption spanning fintech, robotics, life sciences, and traditional industries.
- CapEx guidance increased to $20–25 billion for 2026 to support anticipated 2027 capacity and rising customer commitments, including a marquee $27 billion contract with Meta.
- Nebius raised over $6 billion of capital in the quarter, boosting its cash position above $9 billion and paving the way for continued large-scale financing initiatives.
Q3 2025
Nov 11, 2025
Nebius Group reported robust Q3 2025 results, with revenue soaring nearly 355% year-over-year, driven by strong demand and significant new contracts with major players like Meta and Microsoft.
Key takeaways
- Q3 revenue reached $146 million, up 39% sequentially, with annualized run rate revenue for core business at $551 million.
- Signed a major $3 billion deal with Meta, adding to the previously announced Microsoft contract valued at $17.4-$19.4 billion.
- Core infrastructure business grew 400% year-over-year, indicating overwhelming demand outstripping current capacity.
- Projected annualized run rate revenue of $7 to $9 billion by the end of 2026, supported by aggressive capacity expansion plans.
- Capital expenditures for 2025 increased to approximately $5 billion to secure critical infrastructure for future growth.