Nebius Q3 Revenue Hits $980.8M as 2026 Capex Outlook Climbs to $27B

Nebius Group reported third-quarter 2026 revenue of $980.8 million on November 12, up 571% from $146.1 million a year earlier, according to its filing with the U.S. Securities and Exchange Commission. Nine-month revenue was $1,962.1 million. The AI cloud company posted a net loss from continuing operations of $37.5 million versus $119.6 million a year ago. Adjusted EBITDA, a non-GAAP measure, was $465.8 million.

Capital spending reached $7.3 billion in the quarter against $955.5 million a year earlier. Cash and equivalents stood at $7,425.6 million at September 30, and total debt was about $14.2 billion, based on the filing. Operating cash flow from continuing operations was negative $273.0 million for the quarter.

Stock Titan, summarizing the results, reported that about $325 million of revenue was non-recurring and that annualized run-rate revenue (ARR) was $6.4 billion at the end of September. Nebius now expects to pass its $7 billion ARR goal in February, later than its earlier December target, per that report. It said 2026 revenue should land at the low end of the $3.0 billion to $3.4 billion range, with capex of about $27 billion. For 2027, it cited a revenue outlook of $12 billion to $13 billion and capex of $40 billion to $45 billion. Guidance and ARR figures come from company management and were not independently verified.

Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!

Sources:

• Nebius Group N.V. Form 6-K, Exhibit 99.1 (Q3 2026 results)

• Nebius Newsroom: third quarter 2026 results announcement

• Stock Titan: Nebius Q3 2026 earnings, revenue and ARR targets