Q1 2026 Nebius Group NV Earnings Call Transcript
Key Points
- Nebius Group NV (NBIS) achieved a significant revenue growth of 684% year-on-year, reaching $399 million in Q1 2026.
- The company has successfully contracted over 3.5 gigawatts of power, surpassing its previous target and aiming for at least 4 gigawatts by the end of the year.
- Nebius Group NV (NBIS) expanded its technology partnership with NVIDIA, achieving NVIDIA Exemplar Cloud status on multiple GPU generations.
- The company raised its 2026 CapEx guidance to between $20 billion and $25 billion, reflecting strong demand and future capacity investments.
- Nebius Group NV (NBIS) has a strong cash position of more than $9 billion, supported by significant capital raised from converts and NVIDIA equity investment.
- The company's increased CapEx guidance is driven by the need to invest ahead of 2027 capacity, which may strain financial resources.
- Despite strong revenue growth, the company faces potential risks from component cost inflation impacting its 2026 program.
- Nebius Group NV (NBIS) anticipates a nonlinear quarterly adjusted EBITDA margin progression during 2026, with potential margin fluctuations.
- The company faces political opposition related to data center construction in the US, which could impact future expansion plans.
- There is a concentration risk with large contracts from Meta and Microsoft, which could affect revenue diversification.
Welcome to Nebius Group's Q1 2026 earnings conference call. (Operator Instructions)
I will now hand over to Gili Naftalovich, Head of Investor Relations, to start the call.
Hi, everyone, and welcome to Nebius's first quarter 2026 earnings conference call. Joining us on the call today are Co-Founder and CEO, Arkady; and our CFO, Dado, along with the broader Nebius executive management team. Now I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties.
Actual results could differ materially. Please refer to our Form 20-F, which is a list of our risk factors. We undertake no obligation to update any forward-looking statements. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
