May 13, 2026 — Nebius Group (NASDAQ: NBIS) delivered explosive growth in its first quarter 2026 results, crushing expectations and sending the stock higher in early trading. The AI infrastructure company reported revenue of $399 million — a staggering 684% jump from last year.
What Happened
Nebius, the Amsterdam-based AI cloud specialist formerly part of Yandex, continues its rapid transformation into a major player in AI infrastructure. In Q1, the company’s Nebius AI segment drove nearly all revenue, hitting $390 million — up 841% year-over-year.
Annualized run-rate revenue reached $1.92 billion, up over 674% from the prior year and beating internal targets. The company also turned adjusted EBITDA positive at $130 million with a 13% margin, showing improving profitability even as it scales aggressively.
Management highlighted strong demand with capacity sold out into early 2026. They raised guidance for contracted power capacity and announced major U.S. expansion, including a new 1.2 GW AI data center in Pennsylvania.
Why It Matters
In the red-hot AI infrastructure race, Nebius stands out as one of the few pure-play options for investors. With hyperscalers and AI companies scrambling for GPU capacity, Nebius is delivering scalable clusters powered by the latest NVIDIA hardware.
The results validate the company’s pivot and execution under founder Arkady Volozh. As AI training and inference demand explodes, Nebius is positioning itself as a key alternative to big cloud providers with specialized, high-performance offerings.
Investors rewarded the beat, with NBIS shares showing strong momentum after the release. The stock has already delivered massive gains over the past year, but today’s numbers keep the growth story alive.
Key Takeaways
- Revenue exploded 684% YoY to $399 million, smashing estimates
- AI cloud revenue reached $390 million (+841% YoY)
- Annualized run-rate revenue hit $1.92 billion
- Adjusted EBITDA turned positive at $130 million (13% margin)
- Major U.S. expansion with new gigawatt-scale data centers
- Strong demand keeps capacity sold out; raised power guidance
NBIS Stock Performance
Nebius shares have been on a tear, up over 110% year-to-date and more than 500% in the past year. Today's earnings provide fresh fuel for the rally as the market digests the exceptional growth numbers and ambitious expansion plans.
FAQs
What was Nebius Q1 2026 revenue?
Nebius reported $399 million in Q1 2026 revenue, up 684% from the same period last year.
How did NBIS stock react to earnings?
Shares moved higher in pre-market and early trading following the strong beat and raised guidance on capacity expansion.
What is Nebius Group (NBIS)?
Nebius is an AI cloud infrastructure company offering full-stack GPU clusters, tools, and services optimized for training and running large AI models.
Will Nebius continue growing this fast?
Management is guiding for continued strong growth with $3.0B–$3.4B revenue expected for full year 2026 and major capacity additions in the U.S. and Europe.
By Qalamkaar Finance Desk
Delivering clear, timely analysis on high-growth tech and AI stocks.
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