Nebius Reports Strong Q2 Earnings with Revenue Growth and Strategic Acquisitions
Nebius (NBIS) reported a significant revenue increase for Q2 2026, reaching $582.3 million—a year-over-year growth of 454%. The majority of this came from Nebius AI Cloud, which generated $574.9 million and accounted for nearly all group revenue due to capacity scaling and strong pricing strategies. The company's financial performance was marked by a substantial improvement in adjusted EBITDA, rising to $236.2 million compared to a loss of $21 million the previous year. This growth is attributed to new business models and improved infrastructure efficiency. Despite this, Nebius reported a GAAP net loss of $190.4 million due primarily to a non-recurring revaluation gain in 2025. Nebius also announced several strategic acquisitions aimed at enhancing its AI capabilities, including Eigen AI for model inference and compression, Tavily for developer search, and ClarifAI for compute orchestration technology.
Tickers: $NBIS
Topics: ai_cloud ebitda financial_performance revenue