Equity Profile

NBIS

Nebius Group N.V.

Information TechnologySystems Software$56.8B

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

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Nebius is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is critical to assess the company's ability to expand its market share and attract new customers.

N/A

1 more metrics, 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. As a major player in this industry, it is positioned to benefit from trends in digital transformation and cloud computing, which are crucial for businesses looking to enhance operational efficiency.

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 exceeding expectations. The stock reacted positively, gaining 15.72% the following day, indicating strong investor confidence.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as analysts have no specific estimates available. The strong surprise in the last quarter may lead to cautious optimism.

Bull Case

If Nebius continues to outperform expectations, particularly in revenue growth, it could solidify its position as a leader in the software sector, driving further stock appreciation.

Bear Case

Conversely, if the company fails to maintain its growth trajectory or if costs rise significantly, it could lead to a disappointing earnings report and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given the substantial EPS surprise last quarter, investors will closely watch this metric to gauge ongoing profitability.

How has revenue changed compared to last quarter?

Revenue trends are crucial for understanding the company's growth and market demand, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Nebius's ability to leverage its software solutions for increased revenue, especially given the recent surge in demand for digital transformation.

Supporting Evidence

The last quarter's EPS surprise indicates strong operational efficiency that may not be fully reflected in current estimates.

The options market's pricing suggests a significant move, indicating that traders expect volatility, which could be a sign of underlying strength.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Nebius can sustain its impressive performance from the last quarter, especially in light of rising operational costs.

Bull Confirmed If

Achieving an EPS of $2.50 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $1.50 would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±15.1%

The options market is pricing in a significant potential move, reflecting uncertainty about the upcoming 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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$3.7M

24,560 sh

2 insiders

Net

$3.7M

Net selling

Most Active Insiders· 4 open-market trades

Insider

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 strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further guidance from management.

Miss

If the company misses expectations, the stock could decline significantly, potentially reflecting a drop similar to past patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software product launches and their expected impact on revenue.
2Insights into customer acquisition strategies and market expansion plans.
3Management's outlook on operational costs and how they plan to manage them moving forward.
4Details on competitive positioning and how Nebius plans to differentiate itself in the market.
5Any commentary on macroeconomic factors affecting the software industry.

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

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Nebius Group N.V. operates in the Information Technology sector, focusing on systems software....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Nebius is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth is critical to assess the company's ability to expand its market share and attract new customers.

N/A

1 more metrics, 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 exceeding expectations. The stock reacted positively, gaining 15.72% the following day, indicating strong investor confidence.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as analysts have no specific estimates available. The strong surprise in the last quarter may lead to cautious optimism.

Bull Case

If Nebius continues to outperform expectations, particularly in revenue growth, it could solidify its position as a leader in the software sector, driving further stock appreciation.

Bear Case

Conversely, if the company fails to maintain its growth trajectory or if costs rise significantly, it could lead to a disappointing earnings report and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for this quarter?

Given the substantial EPS surprise last quarter, investors will closely watch this metric to gauge ongoing profitability.

How has revenue changed compared to last quarter?

Revenue trends are crucial for understanding the company's growth and market demand, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Nebius's ability to leverage its software solutions for increased revenue, especially given the recent surge in demand for digital transformation.

Supporting Evidence

The last quarter's EPS surprise indicates strong operational efficiency that may not be fully reflected in current estimates.

The options market's pricing suggests a significant move, indicating that traders expect volatility, which could be a sign of underlying strength.

Key Risk

If revenue growth exceeds expectations, it could challenge the current cautious sentiment in the market.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Nebius can sustain its impressive performance from the last quarter, especially in light of rising operational costs.

Bull Confirmed If

Achieving an EPS of $2.50 or higher would confirm strong profitability and investor confidence.

Bear Confirmed If

An EPS below $1.50 would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±15.1%

The options market is pricing in a significant potential move, reflecting uncertainty about the upcoming 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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$3.7M

24,560 sh

2 insiders

Net

$3.7M

Net selling

Most Active Insiders· 4 open-market trades

Insider

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 strong operational performance.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further guidance from management.

Miss

If the company misses expectations, the stock could decline significantly, potentially reflecting a drop similar to past patterns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new software product launches and their expected impact on revenue.
2Insights into customer acquisition strategies and market expansion plans.
3Management's outlook on operational costs and how they plan to manage them moving forward.
4Details on competitive positioning and how Nebius plans to differentiate itself in the market.
5Any commentary on macroeconomic factors affecting the software industry.

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