Nebius Group Pulls Back 9% After a Downgrade Despite Strong Earnings

Nebius Group reported May 14 revenue of $399 million, up 684% year over year, highlighting exceptional growth in its core business. The company also reiterated 2026 revenue guidance of $3.0 billion to $3.4 billion and raised contracted power guidance to more than 4 gigawatts, reinforcing its expansion trajectory. The combination of a huge revenue surge and maintained long-term outlook is a clear positive for the stock.

Analysis

Nebius Group reported May 14 revenue of $399 million, up 684% year over year, highlighting exceptional growth in its core business. The company also reiterated 2026 revenue guidance of $3.0 billion to $3.4 billion and raised contracted power guidance to more than 4 gigawatts, reinforcing its expansion trajectory. The combination of a huge revenue surge and maintained long-term outlook is a clear positive for the stock.