$BR
$APR
$ACU
🚀🚀NEBIUS, an AI cloud computing infrastructure provider, delivered an impressive second-quarter earnings report. Revenue skyrocketed **454% year-over-year to $582.3 million**, easily surpassing market forecasts and driving the stock up by more than 23% during intraday trading.
This strong performance, paired with rival CoreWeave's recent upward revision of its full-year outlook, further highlights the booming demand for AI compute infrastructure.
The surge was largely fueled by the company's AI cloud business, which saw sales skyrocket **514% year-over-year to $575 million**—making up roughly 98% of total quarterly revenue and acting as the primary engine for growth.
Looking forward, NEBIUS reaffirmed its full-year 2026 revenue guidance between **$3.0 billion and $3.4 billion**, while holding firm on its annualized operating income target of **$7.0 billion to $9.0 billion**.
NEBIUS CEO Arkady Volozh stated
#CryptoNewss
$APR
$ACU
🚀🚀NEBIUS, an AI cloud computing infrastructure provider, delivered an impressive second-quarter earnings report. Revenue skyrocketed **454% year-over-year to $582.3 million**, easily surpassing market forecasts and driving the stock up by more than 23% during intraday trading.
This strong performance, paired with rival CoreWeave's recent upward revision of its full-year outlook, further highlights the booming demand for AI compute infrastructure.
The surge was largely fueled by the company's AI cloud business, which saw sales skyrocket **514% year-over-year to $575 million**—making up roughly 98% of total quarterly revenue and acting as the primary engine for growth.
Looking forward, NEBIUS reaffirmed its full-year 2026 revenue guidance between **$3.0 billion and $3.4 billion**, while holding firm on its annualized operating income target of **$7.0 billion to $9.0 billion**.
NEBIUS CEO Arkady Volozh stated
#CryptoNewss