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Nebius Group (NASDAQ: NBIS) — Q2 2026 Post Earnings

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Post earnings note company quarterly analysis

Operations¹

As of August 13, 2026
Q2 Revenue ↑ 454% YoY $582.3M
Divisions
Nebius AI cloud 98.1%
Avride 0.2%
TripleTen 1.7%

Key Earnings Driver: Nebius AI Cloud

Nebius Group’s Q2 revenue increased 454% year over year to $582.3M, with Nebius AI cloud revenue increasing 514% to $574.9M and representing 98% of group revenue. Management attributed revenue growth to capacity added in Q1, higher utilization, and high margin revenue from Token Factory and recent acquisitions.

Key Operating Metrics²

METRIC

STATUS

Nebius AI Cloud

🟢 Scaling

↳ Token Factory

🟢 Scaling

Key Financial Metrics

Gross Margin 77.10% +6 pp YoY
Backlog / Rev. N/A
CapEx Intensity 971.56% 9.71x Revenue

Sources: Nebius Q2 2026 Shareholder Letter — Company Website

Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.

Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Legence (NASDAQ: LGN) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 12, 2026
Q1 Revenue ↑ 105% YoY $1.04B
Divisions
Engineering & Consulting 16.0%
Installation & Maintenance 84.0%

Key Earnings Driver: Installation & Maintenance

Legence’s Q1 revenue increased 105% year over year to $1.04B, with Installation & Maintenance revenue increasing 141.9% to $872.1M and Engineering & Consulting revenue increasing 14.0% to $165.8M. Engineering & Consulting adjusted gross margin declined YoY to 33.2% from 40.7%, primarily due to a higher percentage of subcontractor expenses, a revenue mix shift toward the lower margin Program & Project Management service line and lower project margins in Engineering & Design.

Key Operating Metrics¹

METRIC

STATUS

Engineering & Consulting

🟢 Scaling

Installation & Maintenance

🟢 Scaling

Sources: Legence Q1 2026 Quarterly Report — SEC Filing, Legence Q1 2026 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Cisco (NASDAQ: CSCO) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 Revenue ↑ 12% YoY $15.8B
Divisions
Networking 55.6%
Security 12.7%
Collaboration 6.5%
Observability 1.7%
Services 23.5%

Key Earnings Driver: AI Infrastructure

Cisco’s Q3 revenue increased 12% year over year to $15.8B, with Networking revenue increasing 25% to $8.8B. Within Networking, Cisco reported $5.3B in AI infrastructure orders year to date through Q3 FY2026, with the company expecting FY2026 AI infrastructure orders to reach $9B and AI infrastructure revenue to reach $4B. Security revenue was $2.0B flat YoY, Collaboration revenue decreased 1% to $1.0B, Observability revenue increased 3% to $269M, while Services revenue decreased 1% to $3.7B.

Key Operating Metrics¹

METRIC

STATUS

Networking

🟢 Scaling

↳ AI Infrastructure

🟢 Scaling

Security

🟡 Watch

Services

🟡 Watch

Sources: Cisco Q3 FY2026 Revenue Disaggregation — SEC Filing, Cisco Q3 FY2026 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Nebius Group (NASDAQ: NBIS) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations¹

As of August 12, 2026
Q1 Revenue ↑ 684% YoY $399M
Divisions
Nebius AI cloud 96.9%
Avride 0.2%
TripleTen 2.9%

Key Earnings Driver: Nebius AI Cloud

Nebius Group’s Q1 revenue increased 684% year over year to $399.0M, with Nebius AI cloud revenue increasing 841% to $389.7M. Management attributed group revenue growth to capacity scaling, supported by pricing and utilization.

Key Operating Metrics²

METRIC

STATUS

Nebius AI Cloud

🟢 Scaling

Key Financial Metrics

Gross Margin 74.00% +23 pp YoY
Backlog / Rev. N/A
CapEx Intensity 619.77% 6.19x Revenue

Sources: Nebius Q1 2026 Operating and Financial Review — SEC Filing

Operations¹: Total revenue is after inter-segment elimination. Division revenue percentages are before inter-segment elimination.

Key Operating Metrics²: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

SOLV Energy (NYSE: MWH) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 12, 2026
Q1 Revenue ↑ 66% YoY $676.8M
Divisions
New Construction 96.1%
Existing Infrastructure 3.7%
Other 0.2%

Key Earnings Driver: New Construction

SOLV Energy’s Q1 revenue increased 66% year over year to $676.8M, with New Construction revenue increasing 61.1% to $650.7M and Existing Infrastructure revenue declining 5.8% to $25.0M.

Key Operating Metrics¹

METRIC

STATUS

New Construction

🟢 Scaling

Key Financial Metrics

Gross Margin 17.60% +3.1 pp YoY
Backlog / Rev. 1,211.9% 12.11x Revenue
CapEx Intensity 1.54% 0.01x Revenue

Sources: SOLV Energy Q1 2026 Financial Results — Company Website, SOLV Energy Q1 2026 Form 10-Q — SEC Filing, SOLV Energy Q1 2026 Quarterly Report — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Rocket Lab (NASDAQ: RKLB) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 10, 2026
Q1 Revenue ↑ 63.5% YoY $200.3M
Divisions
Launch Services 31.8%
Space Systems 68.2%

Key Earnings Driver: Space Systems

Rocket Lab’s Q1 revenue grew 63.5% year over year to $200.3M, with Space Systems revenue increasing 57.2% to $136.7M and Launch Services revenue increasing 79% to $63.7M. Neutron remained on track for its debut launch later in 2026, while R&D expense increased primarily due to Neutron development progress.

Key Operating Metrics¹

METRIC

STATUS

Launch Services

🟢 Scaling

Space Systems

🟢 Scaling

Sources: Rocket Lab Q1 2026 Quarterly Report — SEC Filing, Rocket Lab Q1 FY2026 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.