Nebius Group (NASDAQ:NBIS) Releases Earnings Results

Nebius Group (NASDAQ:NBIS) released its quarterly earnings data on Thursday. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.27), Zacks reports. The business had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $246.05 million. Nebius Group had a net margin of 62.31% and a negative return on equity of 11.79%.

Here are the key takeaways from Nebius Group’s conference call:

• Nebius reported a very strong 2025, exceeding targets with Q4 revenue of $228M, >$1.2B in ARR at year-end, and positive group adjusted EBITDA in Q4 driven by an 830% YoY core cloud revenue increase.
• Demand and pricing remain robust: capacity was sold out in Q3/Q4 (and into Q1 2026), average new contract duration rose ~50%, and customers are scaling from hundreds to tens of thousands of GPUs.
• Company is accelerating supply, announcing nine new data centers and raising contracted power guidance from ~2 GW to >3 GW for 2026, targeting 800 MW–1 GW of connected capacity online by year-end.
• Nebius plans heavy investment with $16B–$20B CapEx in 2026; while ~60% is already funded, the remainder will rely on new debt, asset-backed financing or equity, creating financing and execution risk.
• Guidance is aggressive but mixed: Nebius reiterates a $7B–$9B ARR target for end-2026 and 2026 revenue of $3B–$3.4B with ~40% adjusted EBITDA margin, while EBIT is expected to remain negative as they invest and extend depreciation to five years.

Nebius Group Stock Up 8.4%

NBIS traded up $7.54 during trading on Friday, reaching $97.27. The company’s stock had a trading volume of 10,440,711 shares, compared to its average volume of 13,409,591. The company has a market cap of $24.49 billion, a price-to-earnings ratio of -125.81 and a beta of 3.90. The firm has a fifty day simple moving average of $92.41 and a two-hundred day simple moving average of $92.79. Nebius Group has a 1 year low of $18.31 and a 1 year high of $141.10.

Key Stories Impacting Nebius Group

Here are the key news stories impacting Nebius Group this week:

• Positive Sentiment: Acquisition and product strategy — Nebius is integrating Tavily to bolster agentic search/AI stack, improving its software offering atop its GPU/data‑center footprint; this strengthens differentiation and revenue mix. Nebius Group Reshapes AI Stack And Oversight With Tavily Deal
• Positive Sentiment: Huge top‑line growth and sold‑out capacity — ARR and operational metrics point to rapid demand for Nebius’ AI cloud services; management says capacity is tight and new data centers are coming online (supporting future revenue). Nebius Reports Fourth Quarter and Full-Year 2025 Financial Results
• Neutral Sentiment: Positive analyst/press coverage — Several bullish writeups and inclusion on AI‑stock lists highlight Nebius as an AI‑infrastructure play, which can attract longer‑term growth investors even if near‑term volatility continues. 5 Best Artificial Intelligence Stocks to Buy in February
• Negative Sentiment: Quarterly miss and widened losses — Q4 revenue and EPS missed consensus, prompting near‑term selling pressure and concern over execution versus lofty expectations. NBIS stock tumbles 5% after Q4 revenue miss
• Negative Sentiment: Rising capex and balance‑sheet pressure — Management is investing heavily in GPUs and data centers (including a planned 240MW site in France), driving sharp capex increases and higher debt; this raises dilution/financing risk if growth or margin improvements slip. AI cloud firm Nebius posts surge in capex

Institutional Trading of Nebius Group

Several institutional investors and hedge funds have recently bought and sold shares of NBIS. State Street Corp raised its holdings in Nebius Group by 2,391.3% during the fourth quarter. State Street Corp now owns 3,219,326 shares of the company’s stock worth $269,474,000 after purchasing an additional 3,090,103 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Nebius Group in the 4th quarter valued at $671,000. Ieq Capital LLC purchased a new position in shares of Nebius Group during the 4th quarter worth approximately $278,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Nebius Group in the 4th quarter valued at approximately $122,335,000. Finally, Korea Investment CORP acquired a new stake in shares of Nebius Group in the 4th quarter valued at approximately $11,685,000. 21.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NBIS shares. Northland Securities boosted their price objective on Nebius Group from $206.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Citizens Jmp initiated coverage on shares of Nebius Group in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $175.00 price target for the company. CICC Research started coverage on shares of Nebius Group in a research note on Tuesday, November 11th. They issued an “outperform” rating and a $143.00 price objective for the company. Freedom Capital upgraded shares of Nebius Group to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, DA Davidson restated a “buy” rating and set a $150.00 target price on shares of Nebius Group in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.38.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.