4 days ago
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Reuters
Wed, August 12, 2026 astatine 6:43 AM CDT 1 min read
Aug 12 (Reuters) - Nebius Group surpassed second-quarter gross estimates connected Wednesday arsenic booming request for AI infrastructure and unreality services helped the institution triumph larger contracts and rise prices for computing capacity, sending its shares up 12% successful premarket trading.
The institution besides reaffirmed its full-year 2026 outlook and said request for AI computing capableness continued to accelerate, helping it unafraid larger and much profitable lawsuit contracts.
"Everything we acceptable retired to bash this quarter, we did. In astir cases, we did more." Arkady Volozh, founder and CEO, said successful a letter to shareholders.
Nebius said it closed 4 landmark AI unreality deals during the quarter, each with an mean full declaration worth of much than $1 billion, with full declaration worth increasing astir fourfold from the erstwhile quarter.
Nebius, which provides entree to Nvidia graphics processing units and AI unreality services, is portion of a increasing radical of alleged neocloud companies that rent computing capableness to businesses processing and deploying AI applications.
The company said pricing strengthened during the quarter, aided by demand for next-generation AI chips and higher rates for older-generation GPUs. Roughly 70% of deals signed successful the play included lawsuit prepayments, which covered 50% to 60% of associated superior expenditure.
Shares of Nebius person surged much than 130% this twelvemonth arsenic investors stake connected continued maturation successful request for AI infrastructure.
(Reporting by Rashika Singh in Bengaluru; Editing by Vijay Kishore)
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