AI cloud computing infrastructure company NEBIUS turned in a strong set of results for the second quarter: revenue grew 454% year over year to $582.3 million, beating market expectations, and the stock price jumped more than 23% at one point during intraday trading. With rival CoreWeave raising its full-year performance outlook the day before, signals that demand for AI compute infrastructure remains robust have been further reinforced.
In the meantime, AI cloud business sales surged 514% year over year to $575 million, accounting for approximately 98% of the company’s total revenue for the quarter, becoming the core driver of performance growth. Looking ahead to the full year, NEBIUS reiterated its 2026 revenue guidance, expecting full-year revenue of $3.0 billion to $3.4 billion, and maintained its annualized operating income target of $7.0 billion to $9.0 billion.