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.
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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.
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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.
