Nebius boosts capital expenditure plans to $25 billion as AI infrastructure demand outstrips supply, driving record revenue growth.
Nebius Group increased its capital expenditure guidance to $25 billion for the year, citing overwhelming demand for AI computing infrastructure. CEO Arkady Volozh stated the company sells every unit of capacity it builds, signaling confidence in sustained growth.
The company reported Q1 2026 revenue of $399 million, up 684% year over year, with its core AI business surging 841% to $390 million. Margins expanded as customers competed for limited GPU supply, reflecting a broader industry supply crunch.
Nebius, positioning itself as an AI-native hyperscaler, provides GPUs, cloud computing, and AI software tools to meet rising demand from AI model training and applications.