Nebius released its first-quarter 2026 financial results before the U.S. market open, providing a fresh, same-day fundamental catalyst for the stock. Alongside the quarter, the company disclosed a major infrastructure expansion step: securing up to 1.2 gigawatts of power and land for a new, owned AI factory at a site in Pennsylvania.

Reported Q1 2026 revenue was $399.0 million (up 684% year-over-year). Adjusted EBITDA was $129.5 million, and net income from continuing operations was $621.2 million; the company also highlighted the Pennsylvania site as part of its capacity buildout.

The combination of a high-growth quarter and a tangible, gigawatt-scale U.S. capacity milestone provides a concrete narrative upgrade on near-term execution and medium-term expansion. With results and operational updates arriving today, they qualify as a same-day catalyst consistent with a sharp single-session move.