Nebius Posts 684% Q1 Growth, Raises 4GW Power Guidance with Bloom Energy
Nebius Group posted Q1 revenue of $399 million, up 684% year-over-year, and expanded AI cloud EBITDA margins to 45% while raising contracted power guidance to 4 gigawatts by year-end. Shares surged 15% after partnering with Bloom Energy on a 328 MW AI infrastructure project, reflecting strong GPU demand.
1. Explosive Q1 Growth
Nebius Group recorded a 684% year-over-year revenue increase to $399 million in Q1 2026, with AI cloud EBITDA margins expanding to 45%.
2. Strategic Bloom Energy Partnership
The company partnered with Bloom Energy to deploy fuel cell-powered AI infrastructure, initiating a 328 MW installation and raising contracted power guidance to 4 gigawatts by year-end.
3. Share Rally and GPU Demand
Shares jumped roughly 15% following Nvidia’s disclosure that H100 rental prices climbed 20% year-to-date, underscoring strong AI compute demand and strengthening Nebius’s market position.