Nebius surpassed market expectations by generating $981 million in quarterly revenue on the back of rising artificial intelligence workload demands. Customers signed longer agreements at elevated price points, providing cash upfront that funded over 100% of related capital expenditures for networking and facility construction. Despite this operational momentum, the company's 2026 revenue outlook of $3 billion to $3.4 billion missed the $3.37 billion analyst consensus midpoint, while pre-tax break-even is not expected until the end of 2027.
Key points
Nebius expects to achieve pre-tax break-even operations by the end of 2027 as infrastruct…: Nebius expects to achieve pre-tax break-even operations by the end of 2027 as infrastructure investments mature.
The company's share price faced severe pressure after dropping more than a third of its v…: The company's share price faced severe pressure after dropping more than a third of its value during recent market declines.
Industry peer CoreWeave recently boosted market sentiment by raising full-year revenue pr…: Industry peer CoreWeave recently boosted market sentiment by raising full-year revenue projections and setting a 2028 profitability target.
Sources checked by our analysis pipeline: 1
The Amsterdam-based company's shares, which surged more than 15% on Wednesday after neocloud rival CoreWeave's results, were marginally up in volatile premarket trading.
Nebius reported revenue of $981 million for the quarter ended September 30, compared with analysts' average estimate of $907.5 million, according to data compiled by LSEG.
However, its 2026 revenue forecast range of $3 billion to $3.4 billion was slightly lower than market estimates of $3.37 billion at the midpoint.
The company expects to break even on a pre-tax basis by the end of 2027.
Nebius had lost more than a third of its value last month amid a steep selloff in AI and data center stocks, as investors fretted over the massive debt pile at CoreWeave and raised concerns about the neoclouds' capacity to raise funds under tighter market conditions.
Nebius' results follow a strong showing from CoreWeave , which raised its annual revenue forecast on Tuesday and said it was targeting profitability on an adjusted basis in the first half of 2028.
Nebius said its customers committed to longer deals at higher prices in the…
The sudden leadership change at the semiconductor giant comes after an emergency board meeting addressed multiple personal controversies involving the longtime executive. Scrutiny mounted over ties to an executive at a major customer accused of passing sensitive chip data to Chinese intelligence, alongside an undisclosed relationship with a direct subordinate. Chief Financial Officer Colette Kress has taken the helm to steer the firm through the immediate fallout.
The sudden leadership vacuum at the semiconductor giant triggers an immediate executive transition across top operational and governance roles. Nvidia's directors are now actively evaluating candidates to secure permanent top-level management for the company's future. Meanwhile, financial leadership will steady day-to-day operations during this interim period.
High court approval grants the budget retailer crucial breathing room as US owner Gordon Brothers assesses bids from multiple prospective buyers. The decision stabilizes daily trading across 600 stores and ensures payroll for 12,000 employees while negotiations continue. Securing a viable takeover deal remains vital to prevent complete collapse and safeguard the company's workforce.