Nebius Group, the AI-focused cloud infrastructure company listed on Nasdaq, reported a 514% increase in second-quarter cloud sales, driven by demand for GPU computing resources across the AI industry. In Q1 2026, the company generated total revenue of $399 million, a 684% year-over-year jump, with $389.7 million coming from AI cloud services, representing approximately 98% of total revenue. Two key partnerships support this growth: a long-term agreement with Meta valued at approximately $27 billion and a strategic alliance with NVIDIA. For full-year 2026, Nebius is guiding for revenues between $3 billion and $3.4 billion with an approximately 40% adjusted EBITDA margin, and has committed to a capital expenditure budget of $20 billion to $25 billion.
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