Nebius Group N. V.
is pushing forward with aggressive infrastructure expansion and maintaining its full-year financial guidance for June 2026, even as the company faces significant stock volatility driven by shifting artificial intelligence market sentiment and broader macroeconomic factors.
The company is guiding toward 2026 revenue of $3 billion to $3.4 billion, a substantial increase from its currently reported $529.80 million in annual sales.
Nebius also raised its capital expenditure target to $20 billion to $25 billion and increased its contracted power capacity guidance to over 4 gigawatts by the end of the year.
Strong Quarterly Growth
First-quarter revenue for 2026 grew 684% year-over-year to $399 million, propelled by an 841% surge in AI cloud revenue.
The firm's annual recurring revenue reached $1.92 billion, supported by multi-year contracts with hyperscalers Microsoft and Meta Platforms.
Market trading on Monday, June 29, 2026, saw Nebius shares rebound by nearly 9% to close at $261.15 following a broader technology market recovery.
This upward movement followed a previous retreat from an all-time high of $299.86 reached on June 22, 2026, leaving the stock valued at a price-to-sales ratio of roughly 80 and a trailing price-to-earnings ratio above 93.
Company expansion efforts include a 1.7 billion pounds expansion in the United Kingdom alongside operational buildouts across Europe and the United States.
Nebius also expanded its technical portfolio through the acquisition of Eigen AI.
Industry analysts noted that a flexible $15 billion capacity tranche within the Meta agreement remains underappreciated by the broader market.
However, external market reports note that a recent price decline for Nvidia B200 AI chips, which dropped from $6.11 per hour on May 30 to $4.22 by June 21, highlights rising competition that could impact leasing margins.
The market compression stems from an increasingly saturated chip rental market as multiple technology firms expand their hardware leasing capacities.
Nebius continues its operations under the leadership of founder and CEO Arkady Volozh, maintaining its headquarters in Amsterdam with regional offices in Israel and the United States.
