Nebius falls 16% as company expects increased 2026 capex spend, issues weak outlook
AINebius reported third-quarter revenue of $980.8 million, above the $907.5 million LSEG consensus, but posted a loss of 13 cents per share. The company expects 2026 capital expenditures of $27 billion, above its previous $20 billion to $25 billion guidance, and expects 2026 revenue at the low end of its $3 billion to $3.4 billion range.
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