Nebius Group reported a Q2 2026 earnings results beat, with revenue up 454% year over year driven by AI cloud and data center contracts, prompting a surge in its share price
Other Provisional 84% confidence first seen
Nebius Group said its Q2 2026 results significantly beat expectations, reporting revenue of $582.3 million, up 454% year over year, with its AI cloud revenue rising 514%. The company attributed the growth to rapid GPU and data-center build-out, citing large data center contracts and substantial capital spending, after which its shares rose sharply.