Nebius raises capex sharply after Q3 beat
Nebius beat Q3 estimates with revenue of $980.8M, up 571% YoY, and guided FY27 capex to $40-45B.
What we know
Nebius reported revenue of $980.8M versus $908M expected and ARR of $6.4B. 2026 capex rises to about $27B, and FY27 capex is guided to $40-45B, with prepayments and financing against existing contracts expected to cover 75-85% of it. Foxconn separately beat Q3 profit estimates and expects high double-digit AI server rack shipment growth in 2027.
How the story developed
Nebius beat Q3 estimates with revenue of $980.8M, up 571% YoY, and guided FY27 capex to $40-45B.
Nebius reported Q3 revenue of $980.8M, up 571% year on year, and raised 2026 capex to about $27B with FY27 guidance of $40-45B.
AI cloud provider Nebius beat Q3 estimates and sharply raised its 2027 capex guidance, while Foxconn also beat and flagged strong AI server rack growth.
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“Nebius guides FY27 capex of $40B-$45B, up sharply from its $27B FY26 guidance.”
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