Nebius Group Posts $582M Revenue as AI Demand Accelerates
TLDR
- Nebius Group’s Q2 2026 revenue rose 454% year over year to $582.3 million from $105.1 million.
- First-half revenue increased 529% to $981.3 million, compared with $156 million in the same period of 2025.
- Adjusted EBITDA improved to $236.2 million in Q2, reversing a $21 million loss recorded a year earlier.
- Nebius secured $775 million in July to support the continued expansion of its AI cloud infrastructure.
- The company plans to invest $2.3 billion in UK AI infrastructure, including three data centers with a combined capacity of 65 MW by 2027.
Nebius Group (NBIS) reported a year-on-year increase in second-quarter 2026 revenue, driven by rising demand for AI cloud infrastructure. Revenue reached $582.3 million for the quarter ended June 30, up 454% from $105.1 million a year earlier. First-half revenue climbed 529% to $981.3 million from $156 million in the same period of 2025.
Nebius Group Expands AI Cloud Business
Founder and CEO Arkady Volozh said the company secured its largest AI cloud contracts to date under stronger commercial terms. The reported figures cover Nebius Group’s AI cloud business, autonomous vehicle platform Avride, and education technology service TripleTen.
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