Nebius Group NV Shs Class-A-

NBIS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	Y^$	LOCK\|<XN	LOCK\|&HfKZ#

Nebius Earnings: $15 Billion-$20 Billion in 2026 Capex and Nine New Data Centers to Chase AI Demand

Javier Correonero

Feb 12, 2026

Nebius reported $534 million in 2025 revenue and expects $3.0 billion-$3.4 billion revenue for 2026. Management expects to exit 2026 with annualized run-rate revenue of $7 billion-$9 billion, a target already shared a few months ago.

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Nebius Group NV Shs Class-A-

Nebius Earnings: $15 Billion-$20 Billion in 2026 Capex and Nine New Data Centers to Chase AI Demand

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