Nebius Posts 571% Revenue Jump in Q3 2026 as AI Cloud Demand Lifts Profitability

Nebius Group third-quarter 2026 results, Digi Mart USA News: Nebius Group N.V. (NBIS) reported third-quarter 2026 revenue of $980.8 million, up 571% year over year and 68% sequentially, according to a publisher article from Zacks Investment Research.

The company attributed the growth mainly to capacity additions over the past 12 months and strong demand for AI infrastructure.

Nebius AI Cloud revenue rose 643% to $973.8 million, roughly 99% of total revenue. Group adjusted EBITDA reached $465.8 million, compared with a loss of $5.2 million a year earlier, and the adjusted EBITDA margin widened to 47.5% from 40.6% sequentially.

Since the start of the third quarter, customers have committed more than $12 billion in contract value, including multibillion-dollar agreements. Nebius also secured multiyear agreements with enterprise AI companies including Databricks, Datadog and Snowflake.

Pricing for third-quarter agreements exceeded $25 million per megawatt, compared with $20 million-$25 million in the preceding quarter, and customer prepayments now cover more than 100% of capital expenditures tied to newly contracted capacity.

For 2026, Nebius expects revenue of $3 billion-$3.2 billion, narrowing its previous $3 billion-$3.4 billion guidance because of delays at certain third-party data center sites. Capital expenditures are projected at about $27 billion, with adjusted EBITDA margin guidance near 40%.

For 2027, management anticipates revenue of $12 billion-$13 billion, roughly fourfold growth, with capital expenditures of $40 billion-$45 billion and pretax breakeven targeted for the fourth quarter. The article notes that infrastructure deployment delays and substantial capital requirements remain key challenges, and that execution must stay on track for these targets.

The same article also reports CoreWeave third-quarter 2026 revenue of $3.66 billion, up 168% year over year, with a backlog of $132.5 billion, and Microsoft first-quarter fiscal 2027 revenue of $92.3 billion, with Azure growing 48%. These figures are presented as reported in the source and were not independently verified by Digi Mart USA News.