Nebius tumbles 8% as it cuts revenue outlook and raises capex

Nebius (NBIS.US) tumbled more than 8% during regular trading to $118.33.

The systems software industry index fell 1.5% over the same period.

The company lowered its fiscal 2026 revenue forecast to the low end of its $3.0 billion to $3.4 billion guidance range and delayed its $7.0 billion annualized revenue target by about two months. Nebius also significantly raised its capital expenditure plans, projecting $27.0 billion for fiscal 2026 and $40.0 billion to $45.0 billion for fiscal 2027.

Third-quarter revenue reached $981 million, up 571% from a year earlier, and adjusted EBITDA came in at $466 million, both topping estimates. Despite the beat, concerns over financing pressure and investment returns weighed on the stock.

Based on public media reports. AI-generated; not investment advice.