Nebius Group Reports Explosive Q1 Growth, Secures New 1.2 GW AI Factory, Raises Capacity Guidance

summarizeSummary

Nebius Group reported strong Q1 2026 financial results with 684% revenue growth, positive Adjusted EBITDA, and announced a new 1.2 GW AI factory in Pennsylvania, raising its year-end capacity guidance.

check_boxKey Events

• Explosive Q1 Financial Performance

  Revenue surged 684% year-over-year to $399.0 million, with Adjusted EBITDA turning positive at $129.5 million from a loss of $53.7 million in Q1 2025. Net income from continuing operations was $621.2 million.

• Massive AI Factory Expansion

  Secured up to 1.2 GW of power and land for a new AI factory in Pennsylvania, significantly boosting future capacity.

• Raised Capacity Guidance

  Increased year-end contracted power guidance to over 4 GW, with owned capacity now representing more than 75% of the total.

• Strong Cash Position & Capital Raise

  Ended Q1 with $9.3 billion in cash, driven by $2.3 billion in positive operating cash flow and $6.3 billion raised from convertible notes and a $2 billion NVIDIA equity investment.

auto_awesomeAnalysis

Nebius Group delivered exceptional Q1 2026 financial results, showcasing massive revenue growth and a significant turnaround to positive Adjusted EBITDA and net income. The company announced a new 1.2 GW AI factory in Pennsylvania and raised its year-end contracted power guidance to over 4 GW, demonstrating aggressive capacity expansion to meet surging AI demand. Strategic acquisitions and a healthy cash position further strengthen its market leadership.