Nvidia-Backed Nebius Posts 571% Revenue Jump, Shares Fall

Nebius Group N.V. (NBIS) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Nebius reports third quarter 2026 financial results Amsterdam, November 12, 2026 – Nebius Group N.V. (NASDAQ: NBIS), the AI cloud company, today announced its unaudited financial results for the three and nine months ended September 30, 2026. The Company today also p

Nebius Group (NBIS) fell 14% after reporting Q3 2026 revenue of $980.8M, beating estimates, but guidance was softer. The company raised its 2026 capital spending forecast to $27B. CoreWeave (CRWV) and IREN (IREN) also dropped, down 10% and 7%, respectively, amid broader neocloud sector pressure.

Nebius shares dropped 10% after the AI cloud company forecasted lower 2026 revenue and higher data center spending, despite a 571% revenue increase to $980.8M in Q3. The company reported a net loss of $37.5M, narrower than the previous year's $119.6M loss.

Nebius CEO Arkady Volozh anticipates pre-tax breakeven by 2027-end, with revenue expected to quadruple. Q3 customer prepayments covered over 100% of capital expenditures, and the company reported $10B in committed prepayments for 2026. Nebius projects $40B-$45B in capital expenditures for 2024, with prepayments covering 75%-85%. Retail investor sentiment for NBIS stock turned 'extremely bullish' on Stocktwits, with the stock up nearly 72% YTD.

Nebius Group NV (NBIS) shares fell 16% after reporting Q3 revenue of $980.8M, beating estimates, but lowering 2026 revenue guidance to $3B-$3.4B. The company also increased its 2026 capex forecast to $27B, raising financing concerns. Management cited delays in computing capacity and infrastructure deployment.

Nebius (NBIS) reported a nearly sixfold increase in third-quarter revenue and raised its 2027 sales forecast above analyst expectations. Despite initial gains, shares fell 8% in premarket trading. The CEO attributed the growth to strong AI demand.