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Nov 12, 2026

Nebius cuts 2026 revenue outlook on capacity delays, shares fall 10–15%

AI cloud provider Nebius said its 2026 revenue would come in at the low end of its prior forecast due to third-party capacity delays, while raising capex guidance, sending shares down roughly 10–15%.

Nov 12, 2026·4 sources
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Top claims

  • ▪Nebius projects capital expenditure of $40 billion to $45 billion for fiscal year 2027
  • ▪Nebius reported third-quarter 2026 revenue of $980.8 million, beating Wall Street analyst expectations of $907.5 million to $918.5 million
  • ▪On November 11, 2026, CoreWeave shares surged nearly 25% and Nebius shares climbed 15% amid a broad neocloud stock rally

Topics

AI investmentCompute, chips & AI infrastructureAI-specialized cloud platformAI data centers