Business · Companies · 5 hrs ago
Nebius revenue jumps as data centre delays push some sales into 2027
Amsterdam-based Nebius reported $981 million in third-quarter revenue, a 571% increase from a year earlier, as demand for AI computing grew.
The company builds and operates data centres equipped with powerful chips and rents computing capacity and software to businesses developing or using AI.
Revenue beat analysts’ average estimate of $907.5 million, but the company’s 2026 forecast was slightly below market expectations.
Power delays at some data centre sites, including one in New Jersey, are holding up capacity; Nebius said the affected capacity has not been cancelled.
Some revenue is now expected to move from 2026 to 2027, while the delay at the New Jersey campus also affects a site where Microsoft is a major customer.
Nebius reported a quarterly net loss of $37.5 million, down from $119.6 million a year earlier, and expects to break even before tax by the end of 2027.
The company forecasts $12 billion to $13 billion in 2027 sales and said customers’ upfront payments covered more than its related third-quarter capital spending.
Nebius reported third-quarter revenue of $981 million, up 571% year on year, as demand for its AI infrastructure grew.
The company said delays at some co-location data centre sites, including its New Jersey facility, will shift some revenue from 2026 to 2027.
Nebius said the New Jersey delay was caused by power delays and that the affected capacity had not been cancelled.
The company forecast 2027 sales of $12 billion to $13 billion and expects to break even on a pre-tax basis by the end of that year.
Investors were concerned about the cost and financing of AI infrastructure, and TheStreet reported that Nebius shares fell 18%.
- Who
- Nebius, an Amsterdam-based AI infrastructure company.
- What
- It reported third-quarter revenue of $981 million and said data centre delays would push some sales into 2027.
- When
- The results were reported on November 12, 2026, for the quarter ended September 30.
- Where
- The delays affected co-location data centre sites, including a 300 MW facility in Vineland, New Jersey.
- Why
- Demand for AI infrastructure drove revenue growth. The New Jersey delay was attributed to power delays.
Nebius
Investors
Business outlook
Nebius
Nebius reported strong revenue growth and forecast $12 billion to $13 billion in 2027 sales.
Investors
Investors were concerned about the cost of the AI infrastructure boom and the ability of neocloud companies to raise funds.
Data centre capacity
Nebius
Nebius said delayed capacity was not cancelled, though some revenue would shift from 2026 to 2027.
Investors
TheStreet reported that delayed capacity spooked investors.
Nebius lost more than a third of its value amid investor concerns, according to Tech.eu and Economic Times.
CoreWeave raised its annual revenue forecast, according to Economic Times.
Nebius shares surged more than 15% after rival CoreWeave reported results, according to Economic Times.
Nebius reported third-quarter revenue of $981 million and said some data centre delays would shift revenue into 2027.
- Third-quarter revenue
- $981 million
- Year-on-year revenue growth
- 571%
- Net loss
- $37.5 million, compared with $119.6 million a year earlier
- New Jersey facility
- 300 MW, in Vineland
- 2026 revenue forecast
- $3 billion to $3.4 billion
- 2027 sales projection
- $12 billion to $13 billion
3 sources
What people are saying
Building at this scale is hard, and delays are part of our industry right now. We are not immune.
Customers have been kept informed and none of that capacity is cancelled.
We have absolutely seen the adoption of open models accelerate even in the last few months.