NBIS
Nebius Group N.V.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Nebius Group N.V..
Coverage
Nebius and IREN: How Two AI Infrastructure Highfliers Fell 40–60% From Their Highs
Six months after we called Nebius a hypergrowth capex machine, both Nebius and IREN have fallen sharply from their 2026 peaks — hit by the same Meta cloud-competition shock and a hawkish, geopolitically rattled macro tape. We compare the drawdowns and the rumored contracts each is chasing next.
Nebius Just 6x'd Its Revenue. Wall Street Yawned.
Nebius posted 547% revenue growth in Q4 2025 and guided $3-3.4B for 2026. But $16-20B in planned capex has investors wondering: is this the next AWS or the next WeWork?
AI Infrastructure Narrative & Vera Rubin Plans
Company positioned to offer NVIDIA Vera Rubin NVL72 in US/Europe from H2 2026; reinforces long-term growth in next-gen AI compute.
NBIS Surges 16.6% on Heavy Volume
Shares jumped to ~$86 with ~17M shares traded (+28% vs average); rebound after prior dip, driven by AI infrastructure optimism and pre-earnings positioning.
Freedom Capital Upgrades to Strong Buy
Consensus 'Moderate Buy' with ~$142-$144 mean target (44%+ upside); valuation seen as attractive (<2.8x forward P/S vs peers).
NBIS Drops 10.3% Amid Broader Market Pressure
Fell to ~$73.87 on elevated volume; part of short-term correction despite strong fundamentals like projected 700% ARR growth.
Earnings release dates
| Quarter | End date | Publication date | Release |
|---|---|---|---|
| 2026 Q2 | 2026-06-30 | 2026-08-06 | Details → |
| 2026 Q1 | 2026-03-31 | 2026-05-20 | Details → |
| 2025 Q4 | 2025-12-31 | 2026-02-12 | Details → |
| 2025 Q3 | 2025-09-30 | 2025-11-11 | Details → |
| 2025 Q2 | 2025-06-30 | 2025-08-07 | Details → |
| 2025 Q1 | 2025-03-31 | 2025-05-20 | Details → |
| 2024 Q4 | 2024-12-31 | 2025-02-27 | Details → |
| 2024 Q3 | 2024-09-30 | 2024-11-14 | Details → |
Company History
Completed rebranding from Yandex N.V. to Nebius Group N.V.; focused on AI cloud/infrastructure, divested Russia ops
Peak euphoria on AI tailwinds, capacity expansion, and market share gains in GPU cloud
Launched Nebius AI Cloud updates (Blackwell Ultra), multi-billion ARR projections, government contracts
Stock exploded on AI hype, GPU cluster builds, Blackwell announcements, and explosive demand for AI compute
Focus on capacity ramp, order conversion, Blackwell GPU deployment, and multi-billion ARR guidance
~20-30%+ decline from peak on valuation concerns, broader AI/tech rotation, and profit-taking
Surged back to ~$86 on volume; narrative refocus on fundamentals (700% ARR growth, earnings catalyst)
Fell sharply to ~$74 amid market pressure; sparked buy-the-dip talk given undervaluation signals
