Nebius Group Shares Drop Nearly 17% Following Lowered 2026 Revenue Outlook
Nebius Group (NBIS) shares fell 16.84% after the AI-focused cloud infrastructure provider lowered its 2026 revenue guidance to the low end of its previous $3.0 billion to $3.4 billion range. The downward revision stems from construction delays at third-party owned data centers, which has shifted some anticipated revenue into 2027. Despite the sell-off and high trading volume, the company reported a third-quarter revenue beat and strong customer demand for AI compute capacity. Nebius is shifting its strategy toward owned and operated sites to better control construction timelines. Notably, increased prepayments from customers now cover 100% of new data center build costs, reducing the need for debt financing and positioning the company to reach pre-tax profitability as early as Q4.
Topics: AI cloud infrastructure earnings revenue outlook stock price drop
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