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Nebius falls 10% as company expects increased 2026 capex spend, issues weak outlook
The AI cloud company said customers signed longer, higher-priced deals as it projected $12 billion to $13 billion in 2027 sales.
- On Thursday, Nebius reported third-quarter revenue of $981 million, topping Wall Street estimates of $907.5 million, and projected $12 billion to $13 billion in 2027 sales.
- Revenue jumped 571% during the quarter as customers committed to longer deals at higher prices and paid more money upfront for data center services.
- During the period, Nebius raised $5.75 billion in debt financing and spent $7.3 billion on property and equipment, while reporting a net loss of $37.5 million versus $119.6 million a year earlier.
- Nebius Stock dropped 8% on Thursday as the company anticipated landing near the bottom of its $3 billion to $3.4 billion 2026 revenue range, slightly below market estimates.
- The company expects to break even on a pre-tax basis by the end of 2027, while rival CoreWeave raised its revenue forecast and targets profitability in the first half of 2028.
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Nebius Tumbles 14% on Soft Guidance and Bigger Spending Plans; CoreWeave Sinks 10%, IREN Drops 7%
A softer outlook and far bigger spending plans are overshadowing a strong quarter at Nebius Group (NASDAQ:NBIS | NBIS Price Prediction). Nebius stock is at $133.67 in morning trading, down 14%. That decline follows a 15% gain on November 11, and it’s pulling other neocloud (AI cloud) stocks lower. On November 12, Nebius reported Q3 […]
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Nebius beats quarterly revenue estimates on strong AI demand
·London, United Kingdom
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Coverage Details
Total News Sources20
Leaning Left0Leaning Right2Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
R 18%
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