Nebius delivers 571% revenue growth as sales approach $1 billion

Nebius Group (NASDAQ:NBIS) reported third-quarter 2026 revenue of $980.8 million, up 571% year over year, while its net loss from continuing operations narrowed to $37.5 million.

Revenue exceeded the analyst consensus estimate of $907.2 million, while adjusted EBITDA reached $465.8 million compared with a loss of $5.2 million a year earlier.

The company also reported an adjusted net income of $90.9 million, compared with an adjusted net loss of $100.4 million in the prior-year quarter, while its GAAP loss per share improved to $0.13 from $0.50.

Nebius spent $7.3 billion on property, equipment and intangible assets during the quarter, while continuing operations used $273 million in cash, and its August convertible-note offering generated approximately $5.75 billion in gross proceeds.

Following the announcement, the Nebius Group share price was down approximately 8.3% in premarket trading after gaining 15.44% in the previous session.

Management indicated that 2026 revenue would likely reach the lower end of its previous $3 billion–$3.4 billion forecast because some revenue expected in December would be delayed until February.

Nebius also projected 2027 revenue of $12 billion–$13 billion, while its broader AI infrastructure expansion includes a previously announced $20 billion–$25 billion 2026 capital expenditure plan and a separate $3.5 billion financing facility secured from Citi in October.

Nebius Q3 revenue jumps 571% to $980.8 million

Meta description

Nebius reported Q3 2026 revenue of $980.8 million, up 571%, and adjusted EBITDA of $465.8 million as its GAAP net loss narrowed.

Meta image description

Nebius Group's AI cloud infrastructure operations featuring high-performance GPU servers, large-scale data centers, advanced computing equipment, server racks and cloud infrastructure, illustrating third-quarter 2026 financial growth and expansion of its AI computing capacity.

Keywords

Nebius Group, NBIS stock, Nebius Q3 2026 earnings, Nebius revenue, AI cloud computing, adjusted EBITDA, artificial intelligence infrastructure, GPU data centers, Nebius stock price, convertible notes, Citi financing, 2027 revenue guidance

Frequently asked questions (FAQ)