Equity Profile

NBIS

Nebius Group N.V.

Information TechnologySystems Software$69.8B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Nebius Group N.V. operates in the information technology sector, focusing on systems software....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will help gauge the company's financial health this quarter.

$-0.60

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$575M

Wall Street expectations, options signals, track record, and call prep available with Pro.

NBIS Q2-2026 Earnings Preview

Context

Company Snapshot

Nebius Group N.V. operates in the information technology sector, focusing on systems software. With a market cap of $70 billion, the company plays a crucial role in providing software solutions that help businesses streamline their operations and enhance productivity, which is increasingly important in today's digital economy.

Earnings Scorecard·Last 1Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+359.21%

Avg Stock Reaction

+15.72%

Last Quarter Recap

In Q1-2026, Nebius reported an impressive EPS of $2.11, significantly surpassing the estimated loss of $0.81. The stock reacted positively, gaining 15.72% the following day.

Management Promises & Guidance

Management committed to focusing on product innovation.
They emphasized plans to expand into new markets.
They indicated a strong pipeline of software solutions.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Nebius's upcoming earnings, expecting a loss but hoping for better-than-expected revenue.

Bull Case

If Nebius can report revenues at the higher end of expectations, it may indicate strong demand for its products and a potential turnaround in profitability.

Bear Case

Conversely, if the company fails to meet revenue expectations or reports a larger loss, it could raise concerns about its growth trajectory and market position.

Key Metrics to Watch

EPS

$-0.60

Earnings per share is a key indicator of profitability and will help gauge the company's financial health this quarter.

Revenue

$575M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of $-0.60?

A positive EPS surprise could signal a stronger recovery and boost investor confidence.

Can Nebius achieve revenue close to the consensus estimate of $575M?

Meeting or exceeding revenue expectations will be crucial in demonstrating demand for their products.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Nebius's ability to leverage its recent product innovations, which could lead to better-than-expected revenue growth.

Supporting Evidence

The strong EPS surprise in Q1-2026 suggests a potential for continued improvement.

Options pricing indicates a significant expected move, reflecting uncertainty that could work in favor of the company.

Management's commitment to product innovation may not be fully appreciated by analysts.

Key Risk

If revenue significantly exceeds $575M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to capitalize on recent product innovations and market opportunities.

Bull Confirmed If

Achieving revenue growth above $633M would confirm strong market demand and support a bullish outlook.

Bear Confirmed If

Reporting revenue below $427M would indicate significant challenges and confirm bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±15.1%

The options market is pricing in a significant potential move in either direction, reflecting uncertainty around the earnings report.

Detail

ATM IV

1.1%

30d HV

103.5%

Calls (6.2M)P/C Ratio: 0.90Puts (7.2M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

48.61%

of float

Insider

3.76%

of float

Holders

848

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
9,431,400 sh · $1.4B
4.32%
39418.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Nebius beats expectations, history suggests the stock could rise by around 15.72%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline, with historical patterns suggesting a potential drop of around 15.72%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Insights into market demand trends for their software solutions.
3Management's commentary on cost management and profitability strategies.
4Details on expansion plans into new markets or segments.
5Any changes in guidance or outlook for the remainder of the fiscal year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

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Company Snapshot

Nebius Group N.V. operates in the information technology sector, focusing on systems software....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will help gauge the company's financial health this quarter.

$-0.60

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$575M

Wall Street expectations, options signals, track record, and call prep available with Pro.

NBIS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 1Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+359.21%

Avg Stock Reaction

+15.72%

Last Quarter Recap

In Q1-2026, Nebius reported an impressive EPS of $2.11, significantly surpassing the estimated loss of $0.81. The stock reacted positively, gaining 15.72% the following day.

Management Promises & Guidance

Management committed to focusing on product innovation.
They emphasized plans to expand into new markets.
They indicated a strong pipeline of software solutions.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Nebius's upcoming earnings, expecting a loss but hoping for better-than-expected revenue.

Bull Case

If Nebius can report revenues at the higher end of expectations, it may indicate strong demand for its products and a potential turnaround in profitability.

Bear Case

Conversely, if the company fails to meet revenue expectations or reports a larger loss, it could raise concerns about its growth trajectory and market position.

Key Metrics to Watch

EPS

$-0.60

Earnings per share is a key indicator of profitability and will help gauge the company's financial health this quarter.

Revenue

$575M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of $-0.60?

A positive EPS surprise could signal a stronger recovery and boost investor confidence.

Can Nebius achieve revenue close to the consensus estimate of $575M?

Meeting or exceeding revenue expectations will be crucial in demonstrating demand for their products.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Nebius's ability to leverage its recent product innovations, which could lead to better-than-expected revenue growth.

Supporting Evidence

The strong EPS surprise in Q1-2026 suggests a potential for continued improvement.

Options pricing indicates a significant expected move, reflecting uncertainty that could work in favor of the company.

Management's commitment to product innovation may not be fully appreciated by analysts.

Key Risk

If revenue significantly exceeds $575M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to capitalize on recent product innovations and market opportunities.

Bull Confirmed If

Achieving revenue growth above $633M would confirm strong market demand and support a bullish outlook.

Bear Confirmed If

Reporting revenue below $427M would indicate significant challenges and confirm bearish sentiment.

Pre-Earnings Positioning

Options Market

Implied Move

±15.1%

The options market is pricing in a significant potential move in either direction, reflecting uncertainty around the earnings report.

Detail

ATM IV

1.1%

30d HV

103.5%

Calls (6.2M)P/C Ratio: 0.90Puts (7.2M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat setup in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

48.61%

of float

Insider

3.76%

of float

Holders

848

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
9,431,400 sh · $1.4B
4.32%
39418.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Nebius beats expectations, history suggests the stock could rise by around 15.72%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline, with historical patterns suggesting a potential drop of around 15.72%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on sales.
2Insights into market demand trends for their software solutions.
3Management's commentary on cost management and profitability strategies.
4Details on expansion plans into new markets or segments.
5Any changes in guidance or outlook for the remainder of the fiscal year.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime