Nebius Q3 revenue jumps 571% to $981m, but a softer 2026 outlook sends shares down about 10%
The AI cloud company beat the $907.5m consensus and guided 2027 revenue to $12–13bn, but now expects 2026 at the low end of its $3.0–3.4bn range; shares fell 9.8% premarket to $139.55.
Why it matters
Nebius is one of the largest listed neoclouds, the GPU rental firms that sell AI compute alongside the hyperscalers. Its results follow CoreWeave raising its annual forecast on Tuesday, so the weaker 2026 range breaks a run of upbeat neocloud reports. The company says customers signed longer deals at higher prices and prepaid more than 100% of the related capex, and it targets pre-tax breakeven by the end of 2027. Watch whether the 2027 revenue target holds as financing conditions for the sector tighten.
Key facts
- Q3 revenue: $980.8m, up 571% year on year
- LSEG consensus: $907.5m
- Net loss from continuing operations: $37.5m ($0.13 a share)
- 2026 revenue: low end of $3.0–3.4bn range
- 2027 revenue outlook: $12–13bn
- Shares down 9.79% premarket at $139.55
How the story developed
- 12 Nov, 13:15 UTC Breaking Nebius Q3 revenue jumps 571% to $981m, but a softer 2026 outlook sends shares down about 10%
- 12 Nov, 14:18 UTC Confirmed Nebius Q3 revenue jumps 571% to $981m, but a softer 2026 outlook sends shares down about 10%