capital · May 21, 2026
Nebius Raises 2026 Capex Guidance to $20-25 Billion After Q1 Results
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Nebius raised its 2026 capex guidance to between $20 billion and $25 billion following Q1 2026 results released in mid-May. The increase supports funding contracted power exceeding 4 GW by year-end plus 1.2 GW AI factories in Pennsylvania and Missouri and 310 MW Finland site. CEO Arkady Volozh noted the company is well-funded after closing $4.3 billion convertible notes and securing $6.3 billion in Q1 capital including customer prepayments. Nebius reported 684 percent revenue growth with $46 billion in committed contracts.
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