Nebius Group Q2 2026: $3B Run-Rate and Four Billion-Dollar AI Deals
As seen on the 24/7 Wall St. homepage on August 12, 2026.
Nebius has already booked its 2027 revenue ramp: four AI cloud contracts averaging over $1 billion each lifted it to a $3 billion annualized run-rate, beating on both lines. Management raised its year-end contracted power target to 5 GW and reaffirmed full-year guidance.
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Nebius reached a $3 billion annualized run-rate revenue at the end of Q2 2026, up 56% from Q1 2026, which resets what the contract book implies about next year.
That acceleration was powered by four AI cloud contracts averaging over $1 billion in total contract value each, with customer prepayments that the company says compress the expected payback period to under two years.
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CEO Arkady Volozh said the company closed its largest AI cloud deals on its strongest terms to date, describing the pricing as a step-change in the economics of the business.
Management reaffirmed full-year 2026 guidance and raised its year-end contracted power target to 5 GW, with the landmark deals contributing primarily to 2027 revenue.
Mentioned: NBIS