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

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Pre earnings note company quarterly analysis

Operations¹

Q1 2026
Q1 Revenue ↑ 683.9% YoY $399M
Segments
Nebius AI cloud 96.9%
Avride 0.2%
TripleTen 2.9%

Key Earnings Driver

Nebius AI Cloud Nebius AI cloud revenue increased 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↑ 841.3%

🟢 Scaling

Key Financial Metrics

Gross Margin 74.00% +23 pp YoY
Backlog / Revenue 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

Q1 2026
Q1 Revenue ↑ 65.9% YoY $676.8M
Segments
New Construction 96.1%
Existing Infrastructure 3.7%
Other 0.2%

Key Earnings Driver

New Construction New Construction revenue increased 72.5% to $650.7M and Existing Infrastructure revenue declined 5.8% to $25.0M. Management attributed the significant increase in New Construction revenue to backlog realization, supported by productivity gains from continued strong project execution and seasonally favorable weather conditions in key regions.

Key Operating Metrics¹

METRIC

STATUS

New Construction↑ 72.5%

🟢 Scaling

Key Financial Metrics

Gross Margin 17.60% +3.1 pp YoY
Backlog / Revenue 1,211.9% 12.11x Qtr Rev
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

Q1 2026
Q1 Revenue ↑ 63.5% YoY $200.3M
Segments
Launch Services 31.8%
Space Systems 68.2%

Key Earnings Driver

Launch Services Launch Services revenue increased 78.9% year over year to $63.7M and Space Systems revenue increased 57.2% to $136.7M. Neutron remained on track for its debut launch later in 2026, while research and development expenses increased primarily due to Neutron development progress.

Key Operating Metrics¹

METRIC

STATUS

Launch Services↑ 78.9%

🟢 Scaling

Space Systems↑ 57.2%

Product↑ 57.8%

Service↑ 49.0%

Sources: Rocket Lab Q1 FY2026 Earnings Release — Company Website, Rocket Lab 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.