Yandex shares collapsed after the attack on the third data center

Yandex shares collapsed on Sunday on reports that on the night of October 11, the Yandex data center in Vladimir was attacked by drones. This is the company’s third facility to be hit. In the work of Yandex services, failures were recorded.

On Sunday, the quotes of the IT company fell by 2.88% compared to the close of trading on Friday, dropping to у3355.5 per paper, after which they hit the bar, as the Moscow Exchange limits the dynamics of shares over the weekend. However, closer to the end of trading, quotes rebounded slightly, the session on Sunday closed with a decrease of 2.36%, to 3373.5 per share.

On Monday morning, Yandex shares continued to fall, at a minimum falling to е3255 per share, which is 5.79% lower than Friday’s close.

The drone attack on the Yandex data center in Vladimir damaged the company’s infrastructure, the facility was completely stopped.

Some of the services of “Yandex” after the attack was inaccessible to users. Monitoring portals Detector404 and Sboy.RF recorded complaints about the work of Yandex Go, Yandex Pay, Yandex Foods and Yandex Music. It was also reported about interruptions at Kinopoisk, House with Alice and Telemost. In the service "Yandex Electric" was not loaded schedule.

On Sunday evening, the company reported that Yandex services are gradually returning to work after a failure. This concerned “Alice”, “Yandex Search”, “Yandex Maps”, “Yandex Taxi”, mail and other services. However, some of their functions remained inaccessible.

“Engineers are first of all restoring the services used by the most people, and continue to work to ensure that all services become fully available in all regions as soon as possible,” the company said in a statement.

Before that, on the night of October 8, after the drone attack, a fire occurred in the data center in Sasovo, Ryazan region. The work of the facility was completely stopped. The company warned that some services may not be available.

On October 9, drones damaged the Yandex data center in Kaluga. Several modules are completely out of order. On the same day, Yandex Food reported difficulties with paying for orders from some users.

In the current conditions, stocks may lag behind the overall dynamics of the Mosex Index. The company will have to bear the cost of rebuilding the infrastructure. In addition, investors may be afraid of a repetition of attacks, said Vasily Karpunin, head of information and analytical content at Alfa-Investments.

“The extent of the damage and the timing of the restoration of the equipment have not been publicly disclosed. Before the appearance of estimates, it is impossible to correctly calculate the financial consequences, but the incident reminds us that not only the cost of software products, but also the physical stability of infrastructure is critical for digital platforms, says Yaroslav Kabakov, Strategy Director of FG Finam.

However, in the short term, this is more a risk of uncertainty than a reason for a quantitative revaluation of the business.

Yandex’s revenue for the second quarter of 2026 increased by 16% year-on-year, to -386 billion. In the first half of the year, the indicator amounted to 759 billion, an increase of 19% compared to the same period last year. Adjusted net profit of the IT company in the second quarter of 2026 increased by 56% year-on-year and amounted to -48 billion. Financial results under IFRS for the third quarter are expected on October 29.

Yandex’s current forecast for 2026 suggests revenue growth of about 20% year-on-year and adjusted EBITDA near т350 billion. In the second quarter, the company forecast capital expenditures this year of 10-12% of revenue.