Nebius gets buy call on projected AI infrastructure revenue growth
Updated
Updated · Seeking Alpha · Apr 30
Nebius gets buy call on projected AI infrastructure revenue growth
4 articles · Updated · Seeking Alpha · Apr 30
The note forecasts a $7bn-$9bn revenue run rate by 2026, backed by multiyear Microsoft and Meta commitments, more than 3GW of contracted energy capacity and site expansion from seven to 16.
Consensus expects about $388.6m in Q1 2026 revenue despite roughly 600% year-on-year growth, which the analyst says leaves room for upside if capacity comes online faster.
The report argues valuation could compress from about 10.7 times enterprise value to sales to 3.4 times by 2027 as revenue scales toward about $10bn.
Nebius plans a $20 billion expansion. Can it outpace rivals before the AI infrastructure gold rush ends?
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