"Nebius posted Q1 2026 adjusted EPS of $2.11, dwarfing the consensus estimate for a $0.78 loss. Revenue surged 684% year over year to $399 million, one of the fastest growth rates in public technology, though the top line still came in below the $593.19 million consensus. The core Nebius AI Cloud segment generated $389.7 million in revenue, up 841% year over year and 82% quarter over quarter. Segment adjusted EBITDA margin reached 45%, nearly doubling from the prior quarter."
"Nebius signed a $27 billion contract with Meta Platforms structured as a $12 billion compute purchase plus a $15 billion flexible capacity contract over five years. NVIDIA also disclosed a $2 billion strategic equity investment in Nebius, deepening an already tight technology partnership. Management reaffirmed full-year 2026 revenue guidance of $3 billion to $3.4 billion and an annualized recurring revenue range of $7 billion to $9 billion. Nebius raised its contracted power guidance to more than 4 GW by year-end 2026, up from a prior 3 GW target."
"The midday move follows the company's Q1 2026 earnings release before the open and a flurry of strategic announcements. The Amsterdam-based AI cloud operator delivered a blowout quarter alongside two transformational partnership headlines. Investors responded by pushing NBIS stock above its prior 52-week high of $197.89. The rally extends an already remarkable run. Nebius shares are now up 154% year to date and 502% over the past year."
Nebius Group stock rose sharply, gaining about 20% intraday to around $215.50 after a Q1 2026 earnings release and multiple strategic announcements. The company reported Q1 2026 adjusted EPS of $2.11 versus an expected $0.78 loss, while revenue increased 684% year over year to $399 million. The AI Cloud segment generated $389.7 million, up 841% year over year, with segment adjusted EBITDA margin reaching 45%. Nebius announced a $27 billion Meta contract with $12 billion compute purchases and $15 billion flexible capacity over five years, and NVIDIA disclosed a $2 billion strategic equity investment. Full-year 2026 revenue guidance was reaffirmed at $3 billion to $3.4 billion, with annualized recurring revenue of $7 billion to $9 billion, and contracted power guidance raised to more than 4 GW by year-end 2026.
Read at 24/7 Wall St.
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