Nebius Group (NBIS) Records $582.3M Revenue Surge Fueled by AI Infrastructure Growth

Key Highlights

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Q2 2026 revenue for Nebius Group reached $582.3 million, representing a 454% year-over-year increase from $105.1 million.
Revenue for the six-month period totaled $981.3 million, marking a 529% climb compared to $156 million in H1 2025.
The company recorded adjusted EBITDA of $236.2 million in Q2, a significant turnaround from the $21 million deficit posted one year prior.
In July, Nebius raised $775 million to fuel ongoing AI cloud infrastructure expansion initiatives.
A $2.3 billion investment commitment targets UK-based AI infrastructure development, featuring three data center facilities totaling 65 MW capacity by 2027.

Nebius Group (NBIS) delivered substantial second-quarter 2026 financial results, powered by surging demand for AI cloud infrastructure services. The company posted quarterly revenue of $582.3 million for the period ending June 30, representing a 454% climb from the $105.1 million recorded in the comparable quarter one year earlier. Six-month revenue totaled $981.3 million, up 529% from $156 million during the first half of 2025.

Nebius Group N.V., NBIS

AI Cloud Platform Gains Commercial Momentum

CEO and Founder Arkady Volozh highlighted the company’s success in securing its most substantial AI cloud agreements under improved commercial arrangements. These financial results encompass operations across Nebius Group’s AI cloud division, the Avride autonomous mobility platform, and the TripleTen educational technology service.

The organization has actively pursued additional funding to accelerate computing capacity expansion. During July, Nebius completed a $775 million capital raise aimed at scaling its AI cloud offerings and advancing infrastructure deployment initiatives.

Major UK Infrastructure Initiative Underway

Nebius has committed $2.3 billion toward new AI infrastructure development throughout the United Kingdom. This strategic initiative encompasses three planned data center locations with aggregate capacity targeted at 65 megawatts by 2027.

The broader AI cloud infrastructure network is scheduled to achieve complete operational maturity by October 31, 2030. This expansion strategy aligns with Nebius Group’s objective to scale available computing resources in response to growing customer requirements for AI-powered solutions.

Adjusted EBITDA performance showed substantial improvement, reaching $236.2 million during the second quarter versus a $21 million deficit in Q2 2025. The first-half adjusted EBITDA totaled $365.7 million, contrasting with the $74.7 million loss recorded during the same timeframe one year earlier.

Nebius generated net income from continuing operations of $190.4 million in Q2. For the six-month period, net income rose 8% to $430.8 million from $398.2 million in 2025. On an adjusted basis, the quarterly net loss stood at $33.2 million, showing improvement from the $91.5 million loss posted in the prior-year quarter.

Six-Month Performance Shows Improvement

During the first half of 2026, the adjusted net loss decreased to $133.5 million compared to $175.2 million in H1 2025. This progress reflected expanded revenue generation combined with adjusted EBITDA achieving positive territory.

Nebius Group maintains its strategic focus on AI cloud infrastructure investment while scaling data center capabilities. Both revenue and adjusted EBITDA showed strong upward momentum, with adjusted losses narrowing throughout the six-month reporting period. The company continues advancing plans for additional facilities designed to accommodate projected AI cloud service demand.

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