Nebius shares plunge 22% as capacity delays push revenue into 2027
The AI cloud provider saw its stock slide after investors reacted to capacity delays pushing revenue into 2027 and higher capital expenditure plans.
The AI cloud provider saw its stock slide after investors reacted to capacity delays pushing revenue into 2027 and higher capital expenditure plans. Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in Nebius Group fell 21.91% on Thursday after the company reported third-quarter results that beat estimates but included guidance pointing to delayed capacity and increased spending. The drop erased gains from the previous week, leaving the stock 54.6% below its 52-week high.
Revenue growth masked by spending plans
Nebius reported third-quarter 2026 revenue of $980.8 million, a 571% increase from the $146 million recorded in the same period last year, according to the company. Net losses narrowed during the quarter, and earnings topped analyst estimates, sources including MT Newswires and Investor's Business Daily reported.
Despite the strong top-line growth, shares tumbled in the latest session. GuruFocus.com reported that capacity delays are pushing revenue recognition into 2027, while 24/7 Wall St. noted that soft guidance and bigger spending plans weighed on the stock. Some outlets reported a 16% slide in pre-market trading before the official close.
Volatility and insider selling
By Falling Shares' measure, almost all of the move was company-specific, with the company-specific component accounting for -14.7% of the total change. The stock is rated Unstable, with annualised volatility of 100.5% compared to 14.7% for the benchmark index.
Insider activity over the past six months shows net selling, with 16 buys against 26 sells, representing 8.1% of insider holdings. The stock has fallen 30.1% over the last month, despite an 8.0% gain over the past five days.