Nebius is executing a high-stakes transformation into a capital-intensive AI cloud infrastructure provider, evidenced by 350.9% year-over-year revenue growth in Q2 2026 and a PPE base that has ballooned to $14.9B.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 350.9% year-over-year in Q2 2026, but operating losses have widened to -$175.9M as SG&A and R&D expenses of $364.9M consume 62.7% of revenue, indicating a period of heavy investment with no near-term operating leverage.
The company's focus on AI infrastructure and long-term scalability driven by GPU deployment plans is a key bullish driver.
The stock is seen as undervalued relative to its projected annual recurring revenue (ARR), presenting a growth opportunity.
Adjacent businesses like ClickHouse contribute hidden value, enhancing the overall investment case for Nebius Group.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 12, 2026 | -$0.12+83.3% vs -$0.72 | $582M+2.2% vs $570M |
Q2 2026 May 13, 2026 | -$0.23+70.0% vs -$0.77 | $399M+6.4% vs $375M |
Q1 2026 Feb 12, 2026 | -$0.99-70.7% vs -$0.58 | $228M-7.5% vs $246M |
Q4 2025 Nov 11, 2025 | -$0.39+29.9% vs -$0.56 | $146M-7.5% vs $158M |
This Undercovered Dozen series spotlights 12 lesser-covered stocks and ETFs, each with distinct investment theses and ratings. Dan IVES Wedbush AI Revolution ETF is reiterated as a Buy, citing strong stock selection and outperformance versus the S&P 500. Vicor Corporation receives a Strong Buy on record for Q3 results and AI technology leadership, despite recent volatility tied to sector financing concerns.
Both neoclouds lost roughly half their value in a month, and two earnings dates now decide whether the selloff was an overreaction or an accurate warning. One company has far less room for error than the other.
Nebius Group N.V. remains a Strong Buy after a 20% selloff, which I view as sentiment-driven and overdone. NBIS's limited U.S. exposure and global data center footprint reduce its vulnerability to potential U.S. political headwinds. Valuation is compelling: NBIS trades at 2.3x–3x FY27 sales, with revenue estimates ranging from $12B to $17B and >200% growth potential.
Nebius Group (NBIS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Benchmark NBIS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nebius Group N.V. (NBIS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $129.49 | $31.08B | 589.39 | 479.02% | 4.55% | 0.91% | — | |
| $306.20 | $6.14B | 118.77 | 60.4% | 20.27% | 5.22% | — | |
| $0.14 | $13.58M | -0.15 | -4.27% | -71.03% | -90.63% | 100% | |
| $170.80 | $215.07B | 45.94 | 28.6% | 39.97% | 33.29% | — | |
| $182.86 | $70.4B | 34.23 | 27.69% | 16% | 45.5% | 0.09% | |
| $259.30 | $2.79T | 21.03 | 12.38% | 16.9% | 26.71% | — |
Nebius Group N.V. (NBIS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when NBIS posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Nebius Group N.V. (NBIS) stock FAQ — growth, dividends, profitability & financials explained
Nebius Group N.V. (NBIS) reported $1.36B in revenue over the trailing twelve months. Revenue was $529.8M in fiscal year 2025. That is 93% more than the $274.0M of fiscal year 2009.
Nebius Group N.V. (NBIS) grew revenue by 460.9% over the trailing twelve months, compared with the twelve months before.
Yes. Nebius Group N.V. (NBIS) earned $61.6M in net income over the trailing twelve months (a 4.5% net margin).
Nebius Group N.V. (NBIS) had a return on equity (ROE) of 0.9% over the trailing twelve months. That is below the market's typical 10-15%.
Nebius Group N.V. (NBIS) had negative free cash flow of $5.88B over the trailing twelve months.
