Nebius Group has secured over $22 billion in multi-year contracts with leading hyperscalers, including a $19.4 billion deal with Microsoft and a $3 billion partnership with Meta Platforms. These commitments underpin management’s forecast of up to 1,600% revenue growth by the end of 2026, driven by surging demand for AI compute services as both enterprise customers and AI-focused start-ups rapidly ramp GPU usage.

The company is expanding its data-center capacity from 220 megawatts (MW) of connected power today to 800 MW and plans to reach 1 gigawatt (GW) by year-end. Contracted power already stands at 2.5 GW, giving Nebius a clear line of sight on revenue generation. Early access to next-generation AI accelerators—such as Nvidia’s Vera Rubin platform—is expected in the second half of 2026, positioning Nebius to capture premium rates during prevailing chip shortages and tight memory supply.

Nebius projects an annualized revenue run rate of $900 million to $1.1 billion at the close of 2025, scaling to $7 billion–$9 billion by the end of 2026. Independent analysts forecast revenue exceeding $14 billion by 2028, driven by durable demand for GPU infrastructure. Scale economies should drive operating margins above 30% on a run-rate basis, while dynamic pricing in the spot-rental market could yield an incremental 15%–25% revenue uplift over the next 12 months.