Nebius Group targets $4B revenue milestone, fueled by $20B capex plan

Nebius Group reports first-quarter earnings on May 13.

Analysts are monitoring the company’s plan to deploy $16 billion to $20 billion in capital expenditure. This spending is targeted for completion by 2026 to build the GPU capacity required for recent large deals.

The company also aims to reach $4 billion in annual recurring revenue (ARR) by the end of the first quarter. This milestone serves as a key indicator for its $9 billion year-end ARR goal.