Hyperscaler capex

Nebius capex, CY2026 Q2

Nebius reported $5.7B of capex for CY2026 Q2, the quarter covering April to June 2026. That is +1008% on the $511M of the same quarter a year earlier (CY2025 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.

Capex, CY2026 Q2$5.7B
Year on year+1008%

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Verified

Every field, with its source

Source per value
Reported quarter
CY2026 Q2 1
Calendar quarter
2026 Q2 1
Quarter end
2026-06-30 1
Capex (USD million)
5,657.4 1
“(5,657.4)”
Capex definition
Consolidated cash purchases of property and equipment and intangible assets; comparative periods use the presentation in the cited release. 1

Sources

  1. Nebius results release: Nebius CY2026 Q2 accessed 2026-11-11

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