Nebius capex by quarter

Nebius reported $5.7B of capex for CY2026 Q2, +1008% on the same quarter a year earlier. The table holds 6 quarters from CY2025 Q1 to CY2026 Q2.

Nebius provides GPU cloud infrastructure and software for AI training and inference. The figures are consolidated cash purchases, including intangible assets, rather than a pure datacenter-construction measure. Definition: Consolidated cash purchases of property and equipment and intangible assets; comparative periods use the presentation in the cited release.

Capex by calendar quarter

USD
Nebius, Q1 2025: $544M $544M Q1 25 Nebius, Q2 2025: $511M $511M Q2 25 Nebius, Q3 2025: $956M $956M Q3 25 Nebius, Q4 2025: $2.1B $2B Q4 25 Nebius, Q1 2026: $2.5B $2B Q1 26 Nebius, Q2 2026: $5.7B $6B Q2 26 Nebius, Q1 2025: $544M $544M Q1 25 Nebius, Q2 2025: $511M $511M Q2 25 Nebius, Q3 2025: $956M $956M Q3 25 Nebius, Q4 2025: $2.1B $2B Q4 25 Nebius, Q1 2026: $2.5B $2B Q1 26 Nebius, Q2 2026: $5.7B $6B Q2 26
  • Nebius
Nebius quarterly capex, Q1 2025 to Q2 2026
Calendar quarterNebius
Q1 2025$544M
Q2 2025$511M
Q3 2025$956M
Q4 2025$2.1B
Q1 2026$2.5B
Q2 2026$5.7B
Reported quarter Calendar Capex YoY Guidance Announced Source
CY2026 Q2 Q2 2026 $5.7B +1008% — — assets.nebius.com
CY2026 Q1 Q1 2026 $2.5B +355% — — assets.nebius.com
CY2025 Q4 Q4 2025 $2.1B — — — assets.nebius.com
CY2025 Q3 Q3 2025 $956M — — — assets.nebius.com
CY2025 Q2 Q2 2025 $511M — — — assets.nebius.com
CY2025 Q1 Q1 2025 $544M — — — assets.nebius.com

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