capital · May 16, 2026
Citi Analyst Highlights Nebius GPU Pricing Increases and Demand Strengthening
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Citi noted Nebius GPU pricing continues to increase with demand strengthening. Nebius H200 on-demand pricing stands at $3.50 per hour and committed at $2.30 per hour. The company reported 40% full-year adjusted EBITDA margin expectations. Nebius raised capex guidance to $20-25 billion for 2026. Customer prepayments reached record levels covering 60% of near-term needs. Nebius secured a $27 billion Meta contract and $2 billion Nvidia investment in the quarter.
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