capital · May 20, 2026
Nebius reports Q1 2026 revenue of $399M and new Pennsylvania AI factory
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Nebius Group announced unaudited financial results for the first quarter ended March 31, 2026 on May 13, 2026. Group revenue reached $399 million, up 684% year over year, with adjusted EBITDA of $129.5 million. The company secured up to 1.2 gigawatts of power and land for a new owned AI factory in Pennsylvania. Nebius Group also raised full-year 2026 revenue guidance to $3-3.4 billion with an annualized run rate of $7-9 billion by year-end.
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