Nebius Reports Q2 Earnings
Nebius Group NV reports second-quarter earnings before the open Wednesday
V. ” The Big Short investor disclosed the trade on his Substack last week alongside a short on Oracle Corp. (NYSE: ORCL ), saying put options on Nebius had become too expensive, so he shorted NBIS shares directly. m.
ET, and traders on Kalshi are betting on which words Arkady Volozh and his team will say. Analysts expect revenue of roughly $573 million, up more than 400%, with loss estimates ranging from about 52 to 67 cents per share. The stock has more than doubled this year but trades below Burry’s entry, roughly 36% off its June peak near $300. What Kalshi Predicts Nebius Will Say “Token” is at 96%.
Nebius’s inference platform is named Token Factory, and the company plans to offer access to Nvidia’s newest Vera Rubin systems through it later this year. “Cash” sits at 94%. Nebius ended the first quarter with more than $9 billion following a fundraising spree, against 2026 capital spending plans of as much as $25 billion. “Nvidia” trades at 88%.
NVIDIA Corp. 3% stake in July. “Gigawatt” sits at 87%. Nebius now expects to exceed 4 gigawatts of contracted power by year-end.
“Meta” trades at 84%. Meta Platforms Inc. (NASDAQ: META ) signed a five-year AI infrastructure deal worth up to $27 billion in March, Nebius’s largest announced customer agreement. “Vera Rubin” sits at 75% after Nebius installed its first full rack of Nvidia’s next-generation platform in Finland in July and began testing it.
S. campus. “ClickHouse” trades at 64%. Nebius holds a significant minority stake in the database firm, whose January fundraise at a $15 billion valuation handed Nebius a $781 million paper gain last quarter.
What Kalshi Predicts Nebius Will Skip “Neocloud” trades at just 39% while “Hyperscaler” sits at 76%. Executives insist Nebius is an AI-native hyperscaler, not a GPU landlord, and traders bet management sticks to the preferred label. “Convertible” is at 28%. 5 billion across three convertible note offerings since June 2025, but after July’s $775 million facility, its first senior secured debt, traders lean toward silence on fresh issuance.
“Google” trades at 19% after an eight-point jump, as Alphabet’s plans to use more third-party AI capacity have fueled speculation that providers like Nebius could benefit. “Uber” and “Robotic” sit at 15% and 11%. Avride, Nebius’s autonomous-driving business, operates robotaxis through Uber Technologies Inc. (NYSE: UBER ) in Dallas and was hit with a federal safety probe in May.
Despite the headlines, Avride and edtech arm TripleTen generated only about $9 million of combined first-quarter revenue. 4 billion guidance, raising the bar for Wednesday’s outlook. Goldman Sachs’ Alexander Duval, whose $286 target is the Street’s highest, called the setup strong. Rival CoreWeave Inc.
(NASDAQ: CRWV ) reports after Tuesday’s close and may set the tone before Volozh says a word. Image: Shutterstock Kalshi and have an existing data collaboration agreement. Read Also: EXCLUSIVE: CPI Lands Tomorrow and Could Send PLTR, TSLA Surging—But Only if It's A 'Serious Shock,' Cato Economist Says