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Nebius Beats Q2 Revenue, Raises 2026 Power Target to 5 GW

8/13/2026

42 8 Full Breakdown

Summary

Story summary

Nebius posted Q2 revenue of $582.3 million, beating the $572.75 million estimate, and raised its 2026 power target to 5 GW.
Over half of AI data-center projects face cancellations or delays, while hyperscaler AI capex hit $700 billion in 2026.
Amazon raised its 2026 capex outlook, noting capacity lag demand as AWS revenue grew 37%, fastest rise since 2021.

History

Historical Context

Amazon introduced S3 in March 2006 and EC2 in August 2006, creating the first pay-as-you-go cloud infrastructure. Building on that momentum, AWS pledged renewable energy in 2014, joined the Climate Neutral Data Centre Pact in 2021, and by 2022 powered 90% of its operations with renewables, prompting utilities and governments to accelerate clean-energy policies.

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Story summary

Nebius posted Q2 revenue of $582.3 million, beating the $572.75 million estimate, and raised its 2026 power target to 5 GW.
Over half of AI data-center projects face cancellations or delays, while hyperscaler AI capex hit $700 billion in 2026.
Amazon raised its 2026 capex outlook, noting capacity lag demand as AWS revenue grew 37%, fastest rise since 2021.

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