NBIS Nebius Group (NBIS) Q2 FY26 earnings call
Nebius Group delivered a robust quarter, marked by significant revenue and ARR growth, driven by strong demand for its AI cloud business and strategic capacity expansion. The company successfully expanded its adjusted EBITDA margin and diversified funding sources, including substantial customer prepayments. Management expressed high confidence in its ability to scale and capitalize on the rapidly evolving AI market, with a focus on flexible deal structures and asset-light models for future growth.
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NBIS operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) | $430MReality is that we show strong momentum in Q2 with annualized run rate revenue growing from $249 million in March to $430 million in June.Source: earnings call transcript | $551MAnnualized run rate revenue for the core business at the end of September was $551 million.Source: earnings call transcript | $3BAnnualized run rate revenue reached $3 billion at the end of June, up 598% and increased 56% from $1.9 billion at the end of March.Source: earnings call transcript | +444.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.