Added to YB: 2026-05-18
Pitch date: 2026-05-14
NBIS [neutral]
Nebius Group N.V.
-9.14%
current return
Author Info
MVC Investing is a long-term investor. BSc in Economics, MSc in Finance. Equity Analyst with a focus on Fundamental Analysis and Valuation. Sign up for the newsletter.
Company Info
Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally.
Market Cap
$53.1B
Pitch Price
$217.61
Price Target
200.00 (+1%)
Dividend
N/A
EV/EBITDA
-754.52
P/E
71.78
EV/Sales
60.68
Sector
Software
Category
growth
Nebius Group (NBIS): Q1 2026 Earnings Review
NBIS (earnings): Q1 rev $399M (+684% YoY, +75% QoQ) beat est $388.6M; Adj. EBITDA $129.5M vs $90.5M est; Core margin 45% vs 24% Q4; ARR $1.92B (+674% YoY, +54% QoQ). Reiterated FY26 rev $3-3.4B, ARR $7-9B, ~40% margin. Raised contracted power to >4GW (from >3GW), CapEx to $20-25B (from $16-20B) for 2027 capacity. $27B Meta deal ($12B dedicated + $15B option). Pipeline +3.5x QoQ. Secured $8.6B capital Q1; ended w/ $9.3B cash. $2.3B OCF from prepayments. Acquired Tavily, Eigen AI, Clarifai for full-stack AI Cloud. Token Factory momentum; inference fastest-growing segment. Early Vera Rubin NVL72 access H2 26. Risks: CapEx execution, supply chain, data center opposition, competition, demand sustainability.
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