Nebius Q2 2026 Earnings Beat Estimates, Shares Rise 9%

Nebius Group reported second-quarter 2026 earnings that surpassed Wall Street expectations on August 12, 2026, sending its shares up more than 9% in premarket trading. The Amsterdam-based AI cloud infrastructure company posted revenue of approximately $580 million, beating analyst estimates of $570 million to $583 million and representing a year-over-year surge of over 454% from the $105 million reported in the same quarter last year. The results, released before the Nasdaq market open, marked a significant acceleration from the company's first-quarter revenue of $399 million.

The strong performance was accompanied by a reaffirmation of the company's full-year 2026 guidance. Management maintained its target for revenue between $3.0 billion and $3.4 billion and an annualized revenue run rate of $7 billion to $9 billion by year-end. Achieving the midpoint of the revenue guidance would require Nebius to average roughly $800 million per quarter in the second half of the year. The company's AI cloud services now account for nearly 98% of its total revenue.

The earnings report was the most anticipated since Nebius's public listing and followed a period of intense market focus. On the...