Nebius beats Q3 revenue estimates, raises 2026 capex to $27 billion
Overview
Nebius 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 now expects 2026 capital expenditures of $27 billion, up from its previous $20 billion to $25 billion guidance.
It also expects 2026 revenue at the low end of its $3 billion to $3.4 billion range. CNBC reports that Nebius shares fell 16% on the day, and another account says they sank 10% on Thursday after the guidance was issued.
Written by AI from the articles below · updated Nov 12, 9:56 AM ET
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- CNBC · TechnologyNewsNebius 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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