Nebius Stock Reaches Record High After Blowout Q1 and Major AI Deals

Investors are rewarding a 684% jump in Q1 AI revenue that underpins an aggressive, capital‑heavy buildout supported by a $2 billion Nvidia stake with a reported $27 billion Meta contract providing commercial backing.

Overview

Nebius reported Q1 2026 revenue of $399 million, a 684% year‑over‑year increase, with AI revenue of $390 million and adjusted EBITDA rising to $130 million while the company held $9.3 billion in cash.
The company said it is guiding to a $7–9 billion annualized revenue run rate for 2026 and plans $20–25 billion in capital spending this year to expand GPU capacity and data‑center buildout.
Nvidia made a $2 billion equity investment and Nebius earned Exemplar Cloud status for GB300 workloads, and management disclosed a reported $27 billion commercial agreement with Meta that it says helps justify expansion.
Nebius has begun building gigawatt‑scale sites in the U.S., breaking ground on a 400‑acre campus in Independence, Missouri and announcing a Pennsylvania site that could support 1.2 GW while total contracted power rose from about 2 GW to more than 3.5 GW.
The stock hit an all‑time high on Tuesday, May 26, 2026 and analysts hold a mostly positive view with a ‘Moderate Buy’ consensus and a top target near $287, but investors should watch execution risks from heavy capex, long‑lead GPU purchases, and local permitting for large power projects.