Nebius (NBIS) smashed Q2

Closed four massive AI Cloud deals during the quarter, each averaging more than $1 billion in total contract value. Total contract value nearly x4 QoQ and stronger demand supported higher pricing across both new- and older-generation GPUs. * Revenue reached $582 million, up 454% YoY * ARR increased to $3.0 billion, up 58% QoQ * The EPS loss narrowed to $0.12, improving 68% YoY * AI Cloud adjusted EBITDA margin reached 50%, up from 24% in Q4 2025 * 2026 contracted-power guidance was raised to 5 GW * Full-year guidance was reaffirmed [https://www.businesswire.com/news/home/20260812963359/en/Nebius-reports-second-quarter-2026-financial-results](https://www.businesswire.com/news/home/20260812963359/en/Nebius-reports-second-quarter-2026-financial-results)