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
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.
