Nebius (NBIS) CEO says “some of our Co-location sites, including New Jersey, are behind schedule. Customers have been kept informed”; “delays are part of our industry right now. We are not immune”
ORIGINAL · NewsquawkNebius (NBIS) CEO says “some of our Co-location sites, including New Jersey, are behind schedule. Customers have been kept informed”; “delays are part of our industry right now. We are not immune”Read originalHide original
Own sites are on track and even running ahead of schedule. Most of the next gigawatt the company brings online will be at its own sites. CFO expects USD 10bln in committed customer prepayments in 2026; prepayments became the standard structure of its agreements in Q3; long-term deals with Microsoft (MSFT) and Meta (META) can support further asset-backed financing. Over 90% of contract value signed in Q3 included a prepayment, and customers paid a larger share of each agreement upfront. “We have no doubt that this capacity (that we are building) will be sold. Clients are looking for capacity already for 2028, and prices for capacity in 2027 are going up” Have over USD 40bln in commitment revenue. Changes in 2026 guidance are just about timing, not about demand. Do not anticipate any material impact on data centre timelines coming from current political landscape. Suggests the main reason for data centre delays in New Jersey is due to power.
Nebius’s co-location delays come as its Q3 outlook places 2026 revenue at the low end of guidance and directs substantial investment toward 2027 capacity.
News detail
Own sites are on track and even running ahead of schedule. Most of the next gigawatt the company brings online will be at its own sites. CFO expects USD 10bln in committed customer prepayments in 2026; prepayments became the standard structure of its agreements in Q3; long-term deals with Microsoft (MSFT) and Meta (META) can support further asset-backed financing. Over 90% of contract value signed in Q3 included a prepayment, and customers paid a larger share of each agreement upfront. “We have no doubt that this capacity (that we are building) will be sold. Clients are looking for capacity already for 2028, and prices for capacity in 2027 are going up” Have over USD 40bln in commitment revenue. Changes in 2026 guidance are just about timing, not about demand. Do not anticipate any material impact on data centre timelines coming from current political landscape. Suggests the main reason for data centre delays in New Jersey is due to power.
Related stocks
3 stocks
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.