Nebius Group Surpasses Capacity Targets with $22 Billion Contract Backlog

Key Facts

1Nebius reached 170 MW of active power capacity, exceeding its 2025 targets.

2The company's contract backlog exceeds $22 billion, anchored by Meta and Microsoft.

3The company targets an Annual Recurring Revenue (ARR) of $7–9 billion by 2026.

Nebius Group N.V. (NBIS) has received a "Strong Buy" rating following a significant expansion in its infrastructure capabilities and operational milestones. The company announced it has reached an active power capacity of 170 MW, effectively surpassing its initial targets set for 2025. This growth is supported by a massive contract backlog exceeding $22 billion, anchored by major partnerships with industry giants Meta and Microsoft. Management is now targeting an Annual Recurring Revenue (ARR) between $7 billion and $9 billion by the year 2026. While recent earnings and EPS figures missed short-term expectations, analysts remain bullish on the company's robust long-term fundamentals. The rapid buildout of AI infrastructure and high-tier commitments continue to drive market confidence in the stock's future performance.