Overview
- Nebius will deliver AI infrastructure to Meta under a five-year agreement valued at about $3 billion, with deployment slated over the next three months and limited to capacity already on hand.
- The Meta pact marks Nebius’ second hyperscaler win following a $17.4 billion Microsoft agreement announced in September.
- Capital expenditures surged to $955.5 million in the September quarter as the company invested heavily in Nvidia GPUs, land, and power.
- Management raised long-term targets, guiding to $7 billion to $9 billion in annualized run-rate revenue by end-2026 and lifting contracted power goals to more than 2.5 gigawatts, with connected power expected to quadruple next year.
- Nebius also announced an at-the-market program for up to 25 million Class A shares to support data-center build-outs.