Group revenue for the second quarter rose 454% year-on-year to $582 million, with the AI cloud business alone reaching $575 million and an annual recurring revenue of $3 billion. Nebius reaffirmed full-year revenue guidance of $3 billion to $3.4 billion and set a year-end annual recurring revenue target of $7 billion to $9 billion, contingent on data center construction timelines.
Wednesday, October 21, 2026
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Nebius Hikes AI Memory Rental Rates 41% and CPU Rates 25% Starting Oct. 1
AI30 days ago
The AI cloud provider is increasing rental prices for its infrastructure components across multiple hardware categories starting in October. Nebius will raise rental rates for Nvidia GPUs by 17% to 21%, AMD EPYC Genoa CPUs by 25%, and memory by approximately 41% beginning Oct. 1, as shortages in AI computing expand beyond GPUs to include CPU and memory units.
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