Nebius Group N.V. reported first-quarter 2026 revenue of $399 million. This 684% year-over-year increase significantly beat analyst expectations. The company posted a positive adjusted EBITDA of $129.5 million. Earnings per share also surpassed consensus estimates.
The company secured land and 1.2 GW of power for a new Pennsylvania AI factory. Nebius raised its 2026 CapEx guidance to $20-25 billion to accelerate capacity buildout. Reports confirmed a $27 billion contract with Meta and a $2 billion strategic investment from NVIDIA.
NBIS shares surged over 15% following the announcement. The stock reached a new all-time high, breaking the $200 mark for the first time.