Nebius Group Posts Surging Q1 2026 Revenue but Wider Operating Costs in AI Cloud Push

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2026.05.20 10:59
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Nebius Group N.V. reported a significant revenue increase to $399 million in Q1 2026, up from $50.9 million a year prior, driven by its AI cloud platform. However, operating costs rose to $527 million, resulting in a $128 million loss from operations. Analysts rate NBIS stock as a Buy with a $234 price target, though concerns about ongoing losses and high capital expenditures temper the outlook.