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← Nebius
Q2 2026 earningsWed, Aug 12, 2026

Nebius Q2 2026 earnings call transcript

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Key points

  • Nebius reported Q2 2026 group revenue of $582 million, up 454% year-over-year and 46% sequentially, with the AI cloud business generating $574.9 million (up 514%) and adjusted EBITDA turning positive at $236 million (41% margin). The company closed four landmark deals averaging over $1 billion each and raised its year-end contracted power target to 5 GW. Nebius also secured a $775 million asset-backed debt facility and reiterated a $20-$25 billion capex plan.