Earnings ·
Nebius Group N.V. reported unaudited financial results for the three and six months ended June 30, 2026
NBISNebius Group N.V.
Nebius Group N.V. reported unaudited financial results for the three and six months ended June 30, 2026. Total revenues surged 454% year-over-year to $582.3 million in Q2 2026, driven by a 514% increase in its Nebius AI cloud segment to $574.9 million. Net loss from continuing operations widened to $190.4 million in Q2 2026 compared to net income of $502.5 million in the prior year period, primarily due to a non-recurring $597.4 million gain on ClickHouse investment revaluation in 2025 and increased operating costs from infrastructure scaling. The company acquired MagicByte AI (Eigen AI Labs) and completed acquisitions of Tavily and ClarifAI, paying $251.6 million for these businesses net of cash. Cash and cash equivalents rose to $8.04 billion as of June 30, 2026, supported by $9.16 billion in financing proceeds from convertible notes and equity sales. Nebius Group operates in the artificial intelligence cloud infrastructure industry, providing full-stack AI compute, software, and services alongside autonomous vehicle technology and edtech platforms.