# Nebius Shares Drop on Neocloud’s Disappointing Sales Outlook

Source: [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-11-12/nebius-shares-drop-on-neocloud-s-disappointing-revenue-outlook) · 2026-11-12 · Industry
Page: https://themorning.dev/story/nebius-shares-drop-on-neocloud-s-disappointing-sales-outlook-e83c088f99394fb3
Kind: business · Impact: medium

## In brief

- Nebius reported Q3 revenue up 571% year over year to $980.8M, above the $907.5M analyst estimate.
- Nebius increased its 2026 capital expenditure and issued a weak outlook.
- Shares fell 16% or more on Thursday according to CNBC, and as much as 23% according to Bloomberg.

## Why it matters

The sell-off reflects investor concern about rising AI infrastructure spending versus a weak forward outlook. The sources do not describe effects on Nebius customers or developers.

## Timeline

- 2026-11-12: Nebius reports Q3 results and weak outlook; shares fall

## Coverage

- [Neocloud Nebius' stock falls 16%+ after it reported Q3 revenue up 571% YoY to $980.8M, above $907.5M est., increased 2026 capex spend, and issued a weak outlook (Jordan Novet/CNBC)](https://www.techmeme.com/261112/p36#a261112p36) — Techmeme, 2026-11-12
- [Nebius Shares Drop on Neocloud’s Disappointing Sales Outlook](https://www.bloomberg.com/news/articles/2026-11-12/nebius-shares-drop-on-neocloud-s-disappointing-revenue-outlook) — Bloomberg Technology, 2026-11-12

Tags: nebius, neocloud, earnings, stock-market, ai-infrastructure, capex

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Brief generated by AI (claude-haiku-5-5) from the reporting listed under Coverage. Headlines belong to their publishers. The Morning Dev – https://themorning.dev