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Nebius Q3 earnings report 2026
CNBC • • business
Key Points:
- Nebius reported third-quarter revenue of $980.8 million, surpassing analyst estimates of $907.5 million, but its loss per share was 13 cents, with unclear comparability to the expected 69 cents loss.
- Revenue surged 571% year-over-year, though the company posted a net loss of $37.5 million compared to $119.6 million a year earlier, reflecting improved but still negative profitability.
- The company issued disappointing guidance for fiscal year 2026, expecting revenue at the low end of $3 billion to $3.4 billion, below FactSet's $3.35 billion forecast, and forecasted significantly higher capital expenditures than analysts anticipated.
- Nebius' stock fell 10% following the earnings report despite a recent rally in neocloud stocks, amid broader market concerns including political restrictions on data center development and turmoil at Nvidia, a key investor in Nebius.
- The company raised $5.75 billion in debt financing during the quarter and plans to discuss results and guidance in an upcoming analyst call.
