Nebius Posts 547% Q4 Revenue Growth, Guides $33.4B 2026 Revenue
Nebius reported Q4 revenue of $227.7M, up 547% year-over-year and missing estimates of $246M, but shares rose 8% as guidance targets $33.4B in 2026 revenue and $79B ARR by year-end. Nvidia’s $2B investment, a $27B Meta compute deal and Bank of America’s Buy rating with $150 target highlight expansion catalysts.
1. Q4 Financial Performance
Nebius posted Q4 revenue of $227.7 million, up 547% year-over-year, missing consensus of $246 million but shares jumped 8% as investors focused on the forward growth story.
2. Strategic Partnerships and Deals
The company secured a $2 billion investment from Nvidia to co-develop next-generation hyperscale AI infrastructure and struck a landmark $27 billion compute capacity agreement with Meta Platforms, including $12 billion committed over the first five years.
3. Growth Outlook and Analyst Coverage
Management guided 2026 revenue to $33.4 billion with annualized recurring revenue of $79 billion by year-end, targets over 3 GW of contracted power capacity and is eyeing an AI21 acquisition; Bank of America initiated coverage at Buy with a $150 price target.