Nebius posts 571% revenue jump but guides 2026 revenue low and raises capex, shares tumble
Nebius Group reported Q3 2026 revenue of $980.8 million, up 571% year‑over‑year, and a GAAP loss of $0.13 per share. The company guided 2026 revenue to the low end of its $3.0‑$3.4 billion range and lifted its 2026 capital‑expenditure outlook to $27 billion, while forecasting 2027 revenue of $12‑$13 billion and capex of $40‑$45 billion. The softer outlook and larger spending plan sent the stock down 10‑15% in pre‑market trading.
Why it matters
The guidance indicates lower near‑term revenue growth and substantially higher cash needs, which may pressure Nebius' balance sheet and affect investors' valuation assumptions (the company’s own guidance).
Key facts
- 1Q3 2026 revenue was $980.8 million, a 571% increase from the prior year. cnbc.com
- 2GAAP loss was $0.13 per share for the quarter. seekingalpha.com
- 3Net loss for the quarter was $37.5 million. finance.yahoo.com
- 42026 revenue guidance was set to the low end of $3.0‑$3.4 billion. 247wallst.com
- 52026 capital‑expenditure forecast was raised to $27 billion. 247wallst.com
- 62027 revenue outlook was $12‑$13 billion and 2027 capex was projected at $40‑$45 billion. 247wallst.com
Summary written by AlphAI AI Desk from 20 of 22 sources. Not investment advice. Figures are as stated by the linked sources.