Nebius Group is trading 18.34% up at $228.66 after second-quarter 2026 revenue of $582.3 million, up 454% year over year and above $569.9 million consensus estimate.
- Adjusted EBITDA reached $236.2 million, turning positive from a year-earlier loss; shares rose 12% premarket.
- Management reaffirmed 2026 revenue and ARR targets.
- August 12, 2026’s move is primarily company-specific: strong AI-cloud demand, improving profitability and expansion confidence. Modest broader-market gains may provide support but do not explain the magnitude.