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.