Nebius Group (NASDAQ:NBIS) Releases Earnings Results, Beats Expectations By $1.02 EPS

Nebius Group (NASDAQ:NBIS) released its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $1.02, Zacks reports. Nebius Group had a net margin of 4.55% and a negative return on equity of 6.03%. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $907.20 million.

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

• Nebius reported Q3 revenue of $980.8 million, up 571% year over year, and adjusted EBITDA of $465.8 million, with a 47.5% group margin. The quarter included about $325 million of non-recurring revenue from an asset-light rollout.
• Customer demand and contract economics strengthened: Q3 deals closed above $25 million per megawatt, and prepayments on new agreements covered more than 100% of the associated CapEx, shortening the stated payback period to 1.7 years. Nebius also reported multi-year enterprise deals and multi-billion-dollar agreements signed in Q4.
• Nebius lowered its 2026 revenue outlook to $3.0–$3.2 billion from $3.0–$3.4 billion, citing delays at third-party colocation sites that shift some capacity and revenue into 2027. It raised expected 2026 CapEx to about $27 billion.
• For 2027, management forecast revenue of $12–$13 billion—about four times its 2026 outlook—and expects to reach pre-tax break-even in Q4. Planned CapEx of $40–$45 billion is substantial, though the company expects prepayments and asset-backed financing to fund 75%–85% of it.

Nebius Group Trading Down 9.4%

Nebius Group stock traded down $12.05 during trading hours on Friday, hitting $116.59. The company had a trading volume of 41,077,564 shares, compared to its average volume of 18,798,592. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market cap of $29.50 billion, a P/E ratio of -3,881.44 and a beta of 4.63. The company has a 50-day moving average price of $196.49 and a two-hundred day moving average price of $178.58. Nebius Group has a 1 year low of $73.52 and a 1 year high of $299.86.

Insider Buying and Selling at Nebius Group

In related news, Director Wilson Boynton sold 7,260 shares of Nebius Group stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $177.63, for a total value of $1,289,593.80. Following the completion of the sale, the director directly owned 403,522 shares in the company, valued at $71,677,612.86. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrey Korolenko sold 29,090 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $234.16, for a total value of $6,811,714.40. Following the completion of the transaction, the insider directly owned 522,248 shares in the company, valued at $122,289,591.68. This represents a 5.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 1,718 shares of company stock worth $280,207 and have sold 103,527 shares worth $23,457,169.

Key Nebius Group News

These are some of the NBIS news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 571% to $980.8 million, beating expectations, and earnings also exceeded analyst estimates. Management cited strong demand for AI computing. NBIS Q3 Earnings Beat Estimates on AI Cloud Growth, Asset-Light Gains
• Negative Sentiment: Management now expects 2026 revenue of $3.0 billion to $3.4 billion, at the low end of its prior range and below the $3.4 billion consensus. Delays in third-party data-center capacity are pushing some growth into 2027, making execution a key concern. Why Nebius Group Stock Plunged (Again) Today
• Negative Sentiment: The company’s roughly $40 billion to $45 billion infrastructure spending plans have raised concerns about capital intensity and delivery risk. Investors are also reacting to analyst price-target cuts and broader uncertainty about demand from major cloud partners and support for the neocloud sector. Nvidia-backed AI cloud stock sinks despite record quarter

Analyst Ratings Changes

NBIS has been the topic of a number of research reports. BNP Paribas Exane upgraded Nebius Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $260.00 to $399.00 in a research note on Thursday, September 24th. Rosenblatt Securities restated a “buy” rating and set a $304.00 price target on shares of Nebius Group in a research note on Friday. Weiss Ratings downgraded shares of Nebius Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Truist Financial restated a “buy” rating and set a $245.00 target price (down from $355.00) on shares of Nebius Group in a research report on Friday. Finally, Piper Sandler dropped their price target on shares of Nebius Group from $237.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $226.00.

About Nebius Group

Nebius Group is a technology company focused on building infrastructure for artificial intelligence. Its core business, Nebius, offers cloud computing services and access to accelerated computing resources designed to help developers and organizations train and run AI models. The company also has businesses in areas including data services for AI, autonomous mobility and online education. Based in Amsterdam, Nebius serves customers internationally and is developing data center and computing capacity to support its AI cloud services.