NEBIUS $NBIS Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $582.3M (Est. $573M) 🟢; +454% YoY 🔹 Adj. EBITDA: $236.2M (Est. $175M) 🟢; LY -$21M 🔸 “We could sell our entire 2027 capacity on these terms today. We are deliberately not doing so because we see higher value in retaining some capacity for immediate customer needs.” Reaffirms FY26 Guide: 🔹 Customer Prepayments: >$9B expected in 2026 🔹 Contracted Capacity: 5 GW (Prior: >4 GW) 🔹 Reaffirmed across all metrics Other Q2 Metrics: 🔹 Diluted EPS: -$0.68 (Est. -$0.62) 🔴 🔹 Net Income: -$190.4M (Est. -$183M) 🔴 🔹 Average Annual Contract Value: $20M+ per MW 🔹 AI Cloud Revenue: $575M (+514% YoY) 🔹 Adj. Net Loss: -$33.2M; -64% YoY 🔹 Operating Cash Flow: $2.25B; LY -$167.7M 🔹 Cash: $8.04B