Nebius shares fall 23% amid deteriorating financial outlook
Now the company believes that capital expenditures in 2026 will amount to $ 27 billion instead of $ 20-25 billion previously expected. Analysts predicted this figure at $23.85 billion
Shares of cloud provider Nebius Group (NBIS), owned by the founder of “Yandex” Arkady Volozh, on Thursday, November 12, at a minimum fell by 23.09%, to $118.98 per share, according to trading data NASDAQ.
Papers Nebius Group fell after the company lowered revenue expectations for 2026, writes CNBC. General Director of the cloud provider Arkady Volozh in a letter to shareholders said that revenue for fiscal year 2026 will be at the bottom of the range of $3-3.4 billion. Analysts FactSet predicted annual revenue at $3.35 billion.
Also, Nebius Group has worsened its forecast for capital expenditures – by the end of the year they will amount to $ 27 billion. Earlier, the company predicted this figure in the range of $ 20 billion to $ 25 billion, and FactSet analysts expected it in the amount of $ 23.85 billion.
In addition, the cloud provider shared plans for 2027:
revenue will be $12-13 billion (FactSet forecasts it at $12.09 billion); capital expenditures will be approximately $40-45 billion (FactSet expects them at $28.77 billion).
At the same time, the Nebius Group has published a financial report for the third quarter of 2026. According to the report, revenue for the period grew by 571%, to $980.8 million year-on-year, the net loss decreased to $37.5 million against $US119.6 million a year earlier.
The Nebius Group provides computing resources for artificial intelligence. It is the former Dutch Yandex N.V., the parent company of Yandex. In 2024, the Internet giant’s Russian and international assets were split. Russian assets were transferred to ICAO Yandex, whose shares are now traded on the Moscow Exchange, and international - Yandex N.V., which later changed its name to Nebius Group. Its general director was Arkady Volozh.
Earlier it became known that a major shareholder of Nebius - hedge fund Situational Awareness - sold all shares of public companies due to significant losses. The hedge fund suffered losses due to the fall in shares of companies associated with artificial intelligence, and an unsuccessful bet against the securities of software companies.
