Nebius Group (NBIS) Q2 2026 Earnings Overview: $582.3M Revenue Beat Drives a 34.14% Price Rally
Nebius' Q2 FY2026 results showed a revenue beat ($582.3M vs $572.75M consensus) and sharp adjusted EBITDA improvement, driven almost entirely by AI cloud demand. Management reiterated full-year targets and highlighted $3.0B ARR and >$40B customer commitments, supporting near-term confidence in backlog quality. However, the $190.4M GAAP loss and $5.66B quarterly capex underscore execution and funding risk, keeping volatility elevated.
AI Insight · NCSKNBIS2USD/USDTAI Insight
▲ Bullish
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Nebius Group reported Q2 2026 revenue of $582.3 million, up 454% year over year, and adjusted EBITDA of $236.2 million as AI cloud demand accelerated. This analysis reviews revenue versus LSEG consensus, operating drivers, reiterated outlook, the 34.14% post-earnings rally and verified technical reference levels.