Report

CNBC: Nebius shares sink 16% as spending plans swell despite a revenue beat

Nebius expects $27 billion in 2026 capital spending and revenue near its forecast’s bottom end, CNBC reports.

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Nebius falls 16% as company expects increased 2026 capex spend, issues weak outlook

TLDR

According to CNBC, Nebius posted $980.8 million in quarterly revenue against a $907.5 million consensus estimate. The company now expects 2026 revenue at the low end of its $3 billion–$3.4 billion range, while raising planned capital spending to $27 billion from $20 billion–$25 billion. For 2027, it projects $40 billion–$45 billion in spending, well above FactSet’s $28.77 billion estimate.

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