Nebius Reports Whopping 684% Jump In Q1 Revenue, Secures Power For New 1.2 GW Facility — CEO Touts ‘Unprecedented Demand’

• Nebius CEO Arkady Volozh stated that demand for compute and cloud infrastructure continues to outpace available capacity as more industries adopt AI.
• The company also announced on Wednesday that it has secured the power and land for a new 1.2-gigawatt facility in Pennsylvania.
• Nebius stated that it has already exceeded the contracted power guidance for the end of 2026 of 3 GW, while noting that its current contracted power capacity is at 3.5 GW.

Nebius Group NV (NBIS) on Wednesday reported a whopping 684% year-on-year increase in revenue in the first quarter (Q1), surpassing Wall Street expectations as it capitalized on exploding AI cloud demand.

Nebius reported adjusted earnings per share (EPS) of $2.11 in Q1, compared to a loss of $0.48 per share during the same period a year ago. Revenue surged 684% year-on-year to $399 million during Q1, from $50.9 million during the year-ago period.

Wall Street expected Nebius to report a loss of $0.78 per share on revenue of $389 million, according to Fiscal.ai data.

Nebius shares were up nearly 19% in Wednesday’s pre-market trade. NBIS was the top trending ticker on Stocktwits at the time of writing.

NBIS CEO Touts ‘Unprecedented Demand’

Nebius CEO Arkady Volozh stated that the company is experiencing “unprecedented demand” across the market. “Compute and cloud needs are vastly exceeding capacity as more industries embrace AI and companies move beyond experimentation to real-world applications. We are seeing this demand firsthand, and are capturing it with our full-stack AI-native cloud,” he said.

Volozh added that Nebius is not just responding to the needs of the AI industry today, but also has the knowledge and experience to build the infrastructure, tools, and capabilities for where it will be tomorrow.

NBIS Secures Power For New 1.2 GW Facility

Nebius also announced on Wednesday that it has secured the power and land for a new 1.2-gigawatt facility in Pennsylvania.

The company also stated that it has already exceeded the contracted power guidance for the end of 2026 of 3 GW, while noting that its current contracted power capacity is at 3.5 GW.

Nebius has now increased its contracted power guidance for 2026 to more than 4 GW, and has also announced it has secured two gigawatt-scale sites in the U.S.

NBIS Lists Its Key Partnerships In Q1

Nebius touted a $27 billion multi-year deal with Meta Platforms Inc. (META) in March 2026, providing it with $12 billion worth of dedicated capacity across locations.

The company also said Meta had committed to purchasing up to $15 billion in additional compute capacity across select upcoming Nebius clusters during the contract period. The agreement expands on a previous $3 billion deal between the companies announced in November 2025.

Nebius also disclosed a $2 billion investment from AI chip giant Nvidia Corp. (NVDA) during the quarter, alongside a strategic partnership to develop and deploy next-generation hyperscale cloud infrastructure for the AI market.

Nebius expects full-year 2026 revenue in the range of $3 billion to $3.4 billion, compared with $530 million reported in 2025.

How Did Retail Traders React To NBIS?

Retail sentiment on Stocktwits around Nebius trended in the ‘bullish’ territory with message volumes at ‘high’ levels at the time of writing.

One bullish user on the platform stated that Nebius is only just getting started.

Another user believes Nebius is executing the Nvidia blueprint.

NBIS stock is up 114% year-to-date and 437% over the past 12 months. The iShares Core MSCI EAFE ETF (IEFA) is up 20% over the past 12 months, while the iShares MSCI EAFE ETF (EFA) is up 19%.

Also See: PENG Stock Heads For Best Single-Day Gains In 22 Months — Penguin Says AI-Driven Business Now Accounts For 60% Of H1 Revenue

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