Nebius Group N.V. released its unaudited third-quarter 2026 financial results on Thursday, November 12, reporting consolidated revenue of $980.8 million. The quarterly total represents a 571 percent increase compared to $146.1 million generated during the same period in 2025, beating consensus analyst forecasts of $912 million. For the nine months ended September 30, 2026, consolidated revenue totaled $1,962.1 million compared with $302.1 million in 2025. Adjusted EBITDA surged to positive $465.8 million, reflecting an adjusted EBITDA margin of 47.5 percent and reversing an EBITDA loss of $5.2 million posted in the prior-year period. Net loss from continuing operations narrowed significantly to $37.5 million, or $0.13 per share.
Nebius has accelerated construction of hyperscale computing facilities across Finland, France, and North American interconnect hubs to satisfy surging demand for Nvidia Blackwell and advanced graphics processor clusters. Founder and chief executive Arkady Volozh confirmed that cash, cash equivalents, and short-term liquid investments reached $7.43 billion at quarter-end. Quarterly capital expenditures rose to $7.30 billion, directed toward procurement of leading-edge accelerated computing hardware and high-density liquid-cooled electrical power infrastructure.
During the company's morning investor webcast held at 8:00 a.m. Eastern Time, Nebius refined its full-year 2026 consolidated revenue expectations to between $3.0 billion and $3.2 billion. Leadership introduced full-year 2027 revenue guidance of $12 billion to $13 billion, supported by an estimated $40 billion to $45 billion in planned capital investments. The company formally established a target to achieve group-wide pre-tax breakeven by the fourth quarter of 2027.
Under the European Union Artificial Intelligence Act, multinational corporations and research consortia increasingly mandate local data residency to safeguard proprietary training corpuses. Nebius has strategically localized computing facilities across the Nordic region, utilizing renewable hydroelectric power. Management reiterated plans to expand low-latency interconnects linking major European financial centers throughout 2027.
