Nebius Group will report its second-quarter 2026 earnings before market open on Wednesday, August 12, 2026, with analyst consensus forecasting revenue near $574.7 million as the AI cloud infrastructure provider continues its explosive growth trajectory.
The company, which builds a full-stack AI-native cloud platform for model training, tuning, and production deployment, has become a focal point for investors betting on the global AI infrastructure buildout. In the first quarter, Nebius reported $399 million in revenue, up 684% year-over-year and beating analyst expectations of around $375 million, according to Reuters and Futurum Group analysis.
Goldman Sachs sees significant upside ahead, maintaining a Buy rating with a $286 price target that implies 49% upside from recent levels, according to TipRanks reporting on August 11. The stock has surged 120% year-to-date in 2026, reflecting investor enthusiasm for specialized AI infrastructure providers as hyperscalers race to expand data center capacity.
Analysts project Nebius will report an earnings-per-share loss of approximately -$0.80, according to Public.com, though the focus remains on revenue growth and the company’s ability to monetize surging demand for AI compute capacity. In Q1, the company achieved positive adjusted EBITDA of $129.5 million versus analyst expectations of $121 million, signaling improving unit economics alongside rapid scaling.
The earnings report arrives as the broader AI cloud infrastructure market accelerates. According to Deloitte, global cloud infrastructure orders reached $9 billion in 2026, with AI infrastructure demand driving expansion across the sector. Major tech firms are expected to invest roughly $650 billion in AI infrastructure throughout 2026, creating sustained demand for specialized providers like Nebius that offer NVIDIA-powered, purpose-built platforms for distributed AI workloads.
Nebius has partnered with NVIDIA and CrowdStrike to scale its infrastructure, combining dedicated NVIDIA AI hardware with high-performance networking. The company’s annualized recurring revenue (ARR) in its core AI cloud business reached $1.92 billion at the end of Q1 2026, up 54% sequentially, demonstrating the velocity of customer adoption.
Seeking Alpha rated Nebius a “Strong Buy” ahead of the earnings release on August 10, though noted visible short interest and execution risk as the company scales. When CoreWeave, a comparable AI infrastructure provider, reported earnings on August 11, it beat quarterly revenue estimates and raised its Q3 capital spending guidance to between $11.5 billion and $13.5 billion, signaling robust demand across the sector.
Nebius’s guidance for full-year 2026 stands at $3 billion to $3.4 billion in revenue, though some investors expect management may raise this forecast given the strength of early results. The company’s ability to continue selling out its GPU capacity—a theme from Q1 earnings—will be a key metric for investors watching the Q2 report.
Sources
- Nebius Investor Hub — confirmed Q2 earnings release date and timing (August 12, 2026, before market open)
- TipRanks — Goldman Sachs price target of $286 with 49% upside, August 11, 2026
- Reuters / Yahoo Finance — Q1 2026 revenue of $399M, up 684% YoY, beat analyst expectations of $371.4M
- Futurum Group — Q1 2026 revenue details and adjusted EBITDA of $129.5M vs. consensus $121M
- Perplexity Finance / MVC Investing — Q2 analyst consensus revenue forecast of $535-578M and $574.7M average
- Public.com — Q2 expected EPS of -$0.80
- Seeking Alpha — Strong Buy rating ahead of Q2 earnings, August 10, 2026
- Nebius.com — company description as AI cloud platform for model training, tuning, and production deployment
- Reuters — CoreWeave earnings beat and Q3 capital spending guidance of $11.5B-$13.5B, August 11, 2026
- Deloitte — global AI infrastructure orders at $9B in 2026, AI infrastructure demand context
