Quarterly ResultMay 13, 2026, 09:46 AM
Nebius Q1 Revenue +684% to $399M; Secures 1.2GW PA AI Factory
AI Summary
Nebius Group N.V. reported strong first-quarter 2026 financial results, with revenues surging 684% year-over-year to $399.0 million and adjusted EBITDA turning positive at $129.5 million. The company also announced securing up to 1.2 GW of power and land for a new AI factory in Pennsylvania, significantly expanding its global AI cloud capacity. Nebius raised its contracted power guidance to over 4 GW by year-end and secured $6.3 billion in new capital, including a $2 billion investment from NVIDIA, while its adjusted net loss increased to $(100.3) million.
Key Highlights
- Q1 2026 Revenue increased 684% YoY to $399.0 million.
- Adjusted EBITDA improved to $129.5 million from a $(53.7) million loss YoY.
- Secured up to 1.2 GW of power and land for a new AI factory in Pennsylvania.
- Raised contracted power guidance to over 4 GW by year-end 2026.
- Secured $6.3 billion in new capital, including a $2 billion investment from NVIDIA.
- Ended Q1 with a strong cash position of $9.3 billion.
- Acquired Tavily, Eigen AI, and Clarifai to enhance AI capabilities.
- Net income from continuing operations was $621.2 million, up from a $(104.3) million loss YoY.