Nebius beats quarterly revenue estimates on strong AI demand
NBIS•NBIS•NBIS•NBIS•Nebius reported third-quarter revenue of $981 million, above the $907.5 million analyst estimate, and projected 2027 sales of $12 billion to $13 billion. Its 2026 revenue forecast of $3 billion to $3.4 billion was slightly below market estimates at the midpoint.
Nebius reported revenue of $981 million for the quarter ended September 30, compared with analysts’ average estimate of $907.5 million. The company said customers committed to longer deals at higher prices in the third quarter and paid more money up front.
Nebius forecast 2026 revenue of $3 billion to $3.4 billion, slightly below the market estimate of $3.37 billion at the midpoint, and projected 2027 sales of $12 billion to $13 billion. It expects to break even on a pre-tax basis by the end of 2027. Customer prepayments covered more than 100% of capital spending associated with those contracts in the third quarter, including data center construction and networking.
