Nebius beats Q3 revenue estimates with 571% growth, but shares drop
Nebius reported third-quarter revenue of $980.8 million, surpassing consensus forecasts and posting a 571% year-over-year jump, though shares slipped 10% in pre-market trading.
Nebius reported third-quarter revenue of $980.8 million, representing a 571% increase year over year and topping analyst forecasts of $907 million to $908 million. Despite the revenue beat, Nebius shares dropped 10% in pre-market trading following the report, according to market updates from CNBC and TrendSpider.[1][2][3][4][5]
The company delivered adjusted EBITDA of $465.8 million, beating estimates of $353 million, and an adjusted EPS of $0.30 compared to an estimated loss of $0.69. On a GAAP basis, diluted EPS came in at -$0.13, while the net loss from continuing operations improved 69% year over year to $37.5 million. Nebius posted adjusted net income of $90.9 million, negative operating cash flow of $273.0 million, and closed the period with $7.4 billion in cash.[2][4][5]
Commercial momentum was supported by $12 billion in total contract value signed since the start of Q3, helping push annual recurring revenue to $6.4 billion. Customer prepayments covered more than 100% of related capital expenditures on Q3 transactions, with more than 90% of signed contract value including a prepayment. In addition to raising its fiscal 2027 sales guidance, management stated it expects prepayments and financing secured against contracts with investment-grade customers to fund roughly 80% of 2027 capital expenditures.[1][4][5]
Key facts
- Nebius posted Q3 revenue of $980.8 million, up 571% year over year and beating expectations of $907 million to $908 million.
- Adjusted EBITDA reached $465.8 million, topping the consensus estimate of $353 million.
- Adjusted EPS came in at $0.30 versus an estimated loss of $0.69, while GAAP diluted EPS was -$0.13.
- Net loss from continuing operations narrowed 69% year over year to $37.5 million, and adjusted net income reached $90.9 million.
- Operating cash flow was -$273.0 million, while cash reserves stood at $7.4 billion.
- Nebius signed $12 billion in total contract value since Q3 began, and annual recurring revenue hit $6.4 billion.
- Customer prepayments covered over 100% of related Q3 capex, and management projects prepayments and contract-backed financing will fund around 80% of 2027 capex.
- The company raised its FY2027 sales guidance, but shares fell 10% in pre-market trading.
Sources · 5 sources
- R�
RuntimeWire 🏴☠️@runtimewirePost on X ·
Nebius' AI buildout has an unusual backer: its customers. The company says prepayments on Q3 deals covered more than 100% of related capex. It signed $12B in TCV since Q3 began, while revenue rose 571% to $981M. $NBIS https://t.co/8vuPc4Z4Ac Source: Nebius https://t.co/Ny8iLbvmG1
Open source - WS
Wall St Engine@wallstenginePost on X ·
NEBIUS $NBIS Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $980.8M (Est. $908M) 🟢; +571% YoY 🔹 Adj. EBITDA: $465.8M (Est. $353M) 🟢 🔹 GAAP Diluted EPS: -$0.13 Other Q3 Metrics: 🔹 Net Loss From Continuing Operations: -$37.5M; -69% YoY 🔹 Adjusted Net Income: $90.9M 🔹 Operating Cash Flow: -$273.0M 🔹 Cash: $7.4B
Open source - CN
CNBC@CNBCPost on X ·
Nebius handily beats Q3 revenue expectations but shares fall https://t.co/IZYzediyK7
Open source - TR
TrendSpider@TrendSpiderPost on X ·
$NBIS Q3 EARNINGS Adj EPS: $0.30 vs $(0.69) est ✅ Sales: $980M vs $907M est ✅ Raised FY2027 Sales Guidance ✅ 🟥 -10% in pre-market https://t.co/AvNIi7NWkV
Open source - SB
Shay Boloor@StockSavvyShayPost on X ·
$NBIS CRUSHED Q3 EARNINGS • Revenue $981M vs Est. $908M (+571% YoY) • EBITDA $466M vs Est. $353M • ARR: $6.4B • Cash $7.4B • >90% of contract value signed carried a prepayment Management expects customer prepayments and financing backed by existing contracts with investment-grade customers to cover ~80% of 2027 CapEx.
Open source