GoKawiilNebius shares drop 10% after weak 2026 revenue outlook, higher capex plans
Nebius reported third-quarter revenue of $980.8 million, up 571% year-over-year and ahead of analyst estimates, alongside a net loss of $37.5 million, or 13 cents per share. CEO Arkady Volozh guided 2026 revenue to the low end of its prior $3 billion to $3.4 billion range, while raising planned 2026 capital expenditures to $27 billion from a previous $20 billion to $25 billion estimate. The company also issued an initial 2027 outlook of $12 billion to $13 billion in revenue and $40 billion to $45 billion in capex.
GoKawiil's interpretation of the reporting above, not reported fact.
The sharp capex increase suggests Nebius is accelerating infrastructure build-out even as near-term revenue guidance disappoints, a combination investors appear to read as added risk rather than growth confidence. The gap between Nebius' 2027 capex guidance and analyst expectations could signal the company anticipates much larger AI infrastructure demand, though it may also strain near-term profitability. The stock's 10% drop indicates markets are weighing heavier spending commitments more heavily than the revenue beat.
- Q3 revenue rose 571% year-over-year to $980.8 million, beating estimates.
- 2026 revenue guidance set at the low end of $3B-$3.4B, with capex raised to $27B from $20B-$25B.
- 2027 outlook includes $12B-$13B revenue and $40B-$45B capex, far above analyst capex expectations.
Source: cnbc.com — Jordan Novet, 2026-11-12
Published there as: “Nebius falls 10% as company expects increased 2026 capex spend, issues weak outlook”
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