Nebius Group Reports Massive Q3 2026 Revenue Growth Driven by AI Cloud Expansion
Nebius Group (NBIS) reported exceptional third-quarter 2026 financial results, headlined by a 571% year-over-year revenue increase to $980.8 million. This growth was almost entirely driven by its Nebius AI Cloud segment, which generated $973.8 million and saw a 643% surge compared to the previous year. The company successfully transitioned from an EBITDA loss in Q3 2025 to an adjusted EBITDA of $465.8 million this quarter. Despite the strong performance, management narrowed its 2026 revenue guidance to between $3 billion and $3.2 billion due to third-party capacity delays at certain colocation sites. However, long-term outlook remains aggressive, with 2027 revenue projected at $12 billion to $13 billion. To support this massive scale, the company has significantly increased its capital expenditure guidance for 2026 to approximately $27 billion.
Tickers: $NBIS
Topics: AI Cloud Revenue Capacity Expansion EBITDA Margin Financial Guidance Revenue Growth