NBIS Stock Surges as Nebius Earnings Revenue Jumps 571% YoY

Published by

Nidhi Kolhapur

November 12, 2026

Nebius (NASDAQ: NBIS) reported strong Q3 2026 earnings, with revenue rising 571% year over year to $980.8 million, beating analyst estimates of $908 million. Adjusted EBITDA reached $465.8 million, compared with expectations of $353 million. Nebius AI cloud revenue stood at $973.8 million, up 643% YoY. Its annual recurring revenue (ARR) reached $6.4 billion at the end of September, up from $3 billion in June. The company expects 2027 revenue of $12 billion to $13 billion and plans $40 billion to $45 billion in capital spending. Customer prepayments and asset-backed financing are expected to cover 75%-85% of its 2027 capital expenditure.

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