Nebius points to low end of 2026 revenue range as capacity arrives later
Third-quarter revenue reached $980.8 million, but delayed capacity pushes some sales into 2027 while spending plans rise.
Nebius expects 2026 revenue at the low end of its $3.0 billion-$3.4 billion range as some third-party computing capacity moves into the first half of 2027. The AI cloud company said the contracts behind that capacity remain in place.
Third-quarter revenue rose 571% to $980.8 million from $146.1 million a year earlier. The company reported a $37.5 million net loss from continuing operations, compared with a $119.6 million loss a year earlier. Its $90.9 million adjusted net income and $465.8 million adjusted EBITDA are non-GAAP measures, not the same as that reported net result.
Nebius raised its 2026 capital-spending forecast to about $27 billion from $20 billion-$25 billion and gave an initial 2027 revenue outlook of $12 billion-$13 billion. Those figures are forecasts, not completed sales or spending. The release puts the timing of new capacity alongside fast revenue growth as investors assess the company's expansion.
