Nebius Group N.V. (NASDAQ: NBIS), the pure-play AI cloud infrastructure provider, delivered explosive Q4 2025 results on February 12, with revenue exploding 547% year-over-year to $227.7 million. The momentum has continued into 2026, fueled by a landmark $27 billion multi-year AI infrastructure deal with Meta Platforms announced last week, sending the Nebius stock price surging more than 12% in a single session.
Backed by the official earnings release, shareholder letter, and real-time market data from Yahoo Finance and Nasdaq, here’s everything investors and AI professionals need to know.
Nebius Q4 2025 Earnings Highlights – Explosive Growth in AI Infrastructure
Key financials from the February 12, 2026 release:
- Q4 Revenue: $227.7 million (+547% YoY, +55% QoQ)
- Full-Year 2025 Revenue: $529.8 million (+479% YoY)
- Core AI Cloud ARR: $1.25 billion at year-end (exceeding guidance)
- Adjusted EBITDA: Turned positive at +$15 million (vs. prior-year loss)
- Core Cloud Adjusted EBITDA Margin: Improved to 24%
CEO and founder Arkady Volozh stated: “We are executing at full speed on our vision to become the leading independent AI cloud provider. Demand for our high-density GPU clusters continues to outpace supply, and our new mega-deals validate the strength of our platform.”
The $27 Billion Meta Deal – Catalyst for Nebius Stock Price Surge
Last week’s announcement of a $27 billion multi-year AI infrastructure partnership with Meta (including $12 billion in committed capacity starting 2027 and up to $15 billion optional) has transformed investor sentiment:
- NBIS shares jumped +12–14% intraday, trading near $128–$129 in recent sessions.
- Market cap now exceeds $32 billion.
- Analysts at Morgan Stanley and Seeking Alpha upgraded to “Strong Buy,” citing the deal’s validation of Nebius as a tier-1 cloud infrastructure provider for hyperscalers.
This follows earlier mega-contracts with Microsoft ($17–19 billion) and NVIDIA, positioning Nebius as one of the fastest-scaling artificial intelligence infrastructure players globally.
2026 Guidance: $7–9 Billion ARR Target and Massive Capacity Expansion
Nebius is guiding aggressively for 2026:
- Revenue: $3.0–$3.4 billion
- Annual Recurring Revenue (ARR): $7–9 billion (more than half already contracted)
- Adjusted EBITDA Margin: ~40% at group level
- CapEx: $16–20 billion (focused on GPU clusters and power contracts)
- Contracted Power Capacity: Accelerating to 2.5+ GW (from previous 1 GW target)
- Connected Power by Year-End: 800 MW–1 GW
The company now operates 170 MW of active AI cloud capacity and is rapidly expanding across Europe, the U.S. (including new Missouri 1.2 GW site), and Asia-Pacific.
Why Nebius Stands Out Among Cloud Infrastructure Providers
Unlike traditional hyperscalers, Nebius offers:
- Full-stack AI-native cloud platform (Ether v3.0 and Nebius Talking Factory inference)
- High-density GPU clusters optimized for training and inference
- Enterprise-ready security and control features
- Direct partnerships with NVIDIA, AMD, and open-source model providers
This focus on artificial intelligence infrastructure is driving the explosive growth that traditional cloud providers are struggling to match in the GPU-constrained market.
Nebius Stock Price Outlook & Investor Takeaways
Current Nebius stock price momentum reflects:
- Record demand for AI compute
- Secured multi-billion-dollar backlog
- Clear path to positive cash flow and margin expansion
Analysts see significant upside, with some 12-month targets above $200. Risks remain around execution of massive 2026 CapEx and power availability, but the Meta deal has significantly de-risked the story.
Frequently Asked Questions (FAQ) – Nebius Earnings & Stock 2026
Q: When were Nebius latest earnings released? A: February 12, 2026 (Q4 and full-year 2025 results).
Q: What drove the 547% revenue growth? A: Ramp-up of AI cloud GPU capacity and early mega-deals with hyperscalers.
Q: How did the Meta deal impact Nebius stock price? A: Shares surged 12%+ on announcement, with continued momentum into March 2026.
Q: What is Nebius 2026 ARR guidance? A: $7–9 billion, with over 50% already under contract.
Q: Is Nebius a good AI infrastructure investment? A: Many analysts now rate it a top pure-play AI cloud stock due to capacity growth and hyperscaler partnerships.
Q: Where is Nebius expanding geographically? A: Europe (core), U.S. (Missouri and more), and Asia-Pacific.
Final Thoughts
Nebius’ Q4 2025 earnings and the subsequent $27 billion Meta AI infrastructure deal confirm its emergence as a major force among cloud infrastructure providers. With artificial intelligence infrastructure demand exploding, Nebius’ aggressive capacity buildout and hyperscaler partnerships position it for potentially explosive growth in 2026 and beyond.
Whether you’re tracking nebius earnings, monitoring the nebius stock price, or evaluating the next wave of AI cloud leaders, Nebius is firmly on the shortlist of must-watch names.
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