According to BlockBeats, on Nov. 12, Nebius stock fell over 9% in premarket trading after the AI cloud computing company reported Q3 revenue of $981 million, beating expectations by 8%, with adjusted EBITDA of $466 million. However, the company lowered its full-year 2026 revenue guidance to the low end of $30–$34 billion, below the market consensus of approximately $33.7 billion.

Nebius projected 2027 capital expenditures of $400–$450 billion against revenue guidance of $12–$13 billion, expecting customer prepayments and investment-grade contract-backed financing to cover 75–85% of capex. The company stated that post-Q3 contract signings exceeded $12 billion, with major customers including Databricks, Datadog, Palantir, and Snowflake entering multi-year agreements for the first time.

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