{
  "id": 19687581,
  "title": "Nebius Doesn’t Have a Demand Problem. It Has a Delivery Problem.",
  "url": "https://urgent.news/2026/11/12/nebius-doesnt-have-a-demand-problem-it-has-a-delivery-problem",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T18:11:33.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/12/nebius-doesn-t-have-a-demand-problem-it-has-a-delivery-problem/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Nebius Group (NBIS) has experienced a significant surge in its stock price this year, up 84% as of 2026, despite a recent sell-off that saw the shares drop 46% below their all-time high. The AI cloud provider's revenue has been growing rapidly, with revenue reaching $980.8 million for the third quarter, a 571% increase from the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were reported at $465.8 million, marking a significant improvement from a loss of $5.2 million in the same period last year. However, Nebius is grappling with a delivery problem that could impede its ambitious growth plans. Some third-party computing capacity that was expected to be available by the end of 2026 has been delayed until the first half of 2027. Consequently, the company has lowered its full-year revenue expectations to the lower end of its previous guidance range of $3 billion to $3.4 billion. Nebius had previously anticipated reaching an annualized revenue run rate (ARR) of $7 billion to $9 billion by December, which has now been pushed back to February 2027. Despite this setback, management remains optimistic, projecting capex between $40 billion and $45 billion next year and revenue between $12 billion and $13 billion. They anticipate reaching pre-tax break-even in the fourth quarter of next year. While Nebius has secured a $3.5 billion financing facility with Citi, the company's inability to control third-party capacity issues poses a significant challenge, with even minor scheduling problems having major financial consequences.",
  "summary": "Revenue jumped 571%, but delays in getting data center capacity online are pushing back the company’s growth targets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Nebius Doesn’t Have a Demand Problem. It Has a Delivery Problem.",
        "url": "https://urgent.news/2026/11/12/nebius-doesnt-have-a-demand-problem-it-has-a-delivery-problem-19689708",
        "published": "2026-11-12T18:31:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}