Nebius Q2 2026: $575M AI cloud revenue, up 514% year-over-year; company raises full-year guidance

Nebius reported Q2 2026 AI Cloud revenue of $575M, a 514% increase from the prior year, and reaffirmed full-year 2026 guidance of $3B to $3.4B in revenue. The company is on track to reach a $7B to $9B annualized run rate by year end, fueled by Meta and Microsoft deal ramp-up.