Nebius Group, an Amsterdam-based AI cloud infrastructure provider, officially joined the Nasdaq-100 Index on June 22, 2026, marking a major milestone for the company as its stock rides momentum from a spectacular earnings beat in May.
The company reported first-quarter 2026 revenue of $399 million on May 13, up 684% year-over-year from $50.9 million in the prior-year quarter. Adjusted earnings per share came in at $2.11, far exceeding analyst expectations for a loss of $0.78 per share—a beat of 360%.
Nebius AI cloud revenue, the company’s core business, surged 841% year-over-year to $389.7 million in Q1. The company reiterated full-year 2026 guidance for revenue between $3.0 billion and $3.4 billion, with an adjusted EBITDA margin of approximately 40%. Management also targets annualized recurring revenue (ARR) of $7 billion to $9 billion by year-end 2026.
The rapid growth reflects soaring demand for AI infrastructure as hyperscalers race to build out compute capacity. Nebius has secured major partnerships to fuel this expansion. In March 2026, the company signed a five-year deal with Meta worth up to $27 billion, including $12 billion in dedicated NVIDIA Vera Rubin compute infrastructure and $15 billion in committed capacity purchases from Meta. The same month, NVIDIA invested $2 billion in Nebius as part of a strategic partnership to scale full-stack AI cloud services.
Nasdaq inclusion carries significance for index-tracking funds and passive investors. The Nasdaq-100 Index underpins more than 200 tracking products globally with over $600 billion in assets under management, according to Nasdaq. When a stock joins, passive funds tracking the index must purchase shares to maintain weightings, often creating buying pressure around the effective date.
Nebius was one of five companies added to the Nasdaq-100 in the June 2026 quarterly rebalance, alongside CoreWeave, Astera Labs, Rocket Lab, and Teradyne. The inclusion came after a public consultation by Nasdaq that introduced a new “fast entry” rule, allowing higher-growth companies to join more quickly than under prior methodology.
Sources
- Yahoo Finance — Q1 2026 earnings beat details and revenue figures
- Public.com — Earnings report confirmation and EPS comparison
- Perplexity — Q1 2026 earnings call data and EPS beat metrics
- Futurum Group — Full-year 2026 revenue guidance and EBITDA margin outlook
- S&P Global — 2026 revenue growth expectations and analyst consensus
- Yahoo Finance — ARR guidance and year-end 2026 targets
- Wall Street Journal — Meta AI infrastructure deal details and five-year structure
- CNBC — Meta deal confirmation and compute infrastructure breakdown
- Reuters — Meta deal terms and capacity purchase commitments
- NVIDIA Newsroom — NVIDIA $2 billion investment and strategic partnership
- Nasdaq Investor Relations — Nasdaq-100 June 2026 quarterly rebalance announcement
- Market Chameleon — Nasdaq-100 index additions and June 2026 rebalance details
- Yahoo Finance — Nasdaq-100 tracking products and AUM figures
