Nebius Cloud Revenue Jumps 514% as CoreWeave Raises Forecasts

Earnings Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

Nebius Group's cloud business revenue surged 514% year over year in the second quarter, pushing total quarterly revenue to $582.3 million and beating analyst expectations of roughly $572.75 million. The company signed four AI cloud deals averaging more than $1 billion each, raised its 2026 contracted power target to 5 gigawatts, and expects over $9 billion in customer prepayments this year on top of $40 billion in total commitments. Rival CoreWeave reported 112% revenue growth and a backlog of $104.2 billion, roughly 180 times Nebius's quarterly revenue, while posting a narrower-than-expected loss per share of $1.14. Nebius was held by 60 hedge funds as of Q1 2026, up from 54, while CoreWeave was held by 63, up from 58.

Impact on stocks 5

Artificial Intelligence▲ · 5 stocks
Nebius Group N.V.
NBIS
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Nebius's cloud revenue surged 514% and signed four AI cloud deals averaging over $1 billion each, showing robust demand.

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