Nebius plans $40B 2027 spending as Microsoft site slips
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Nebius told investors on its third-quarter earnings call that it plans $40 billion of spending in 2027, to be funded largely by customer prepayments and loans backed by customer contracts. Its Vineland, New Jersey data center built for Microsoft, under a contract worth up to $19.4 billion, is months behind schedule: just over half of the planned Microsoft capacity is now due by year-end, with the rest pushed to the second quarter of 2027. Nebius cut its 2026 revenue forecast by $200 million to $3 billion. Third-quarter revenue was $981 million, up 571% year over year, while the company's shares fell 17%.
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- TechCrunch · AINebius plans $40 billion in 2027 spending as Microsoft data center delays mount
Nebius laid out $40 billion in planned 2027 spending on its third-quarter earnings call, funded largely by customer prepayments and loans backed by customer contracts. Its Vineland, New Jersey site for Microsoft, under a contract worth up to $19.4 billion, is months behind schedule, with only just over half of the Microsoft capacity now planned for delivery by year-end and the rest in Q2 2027. Nebius cut its 2026 revenue forecast by $200 million to $3 billion and reported third-quarter revenue of $981 million, up 571% year over year, while shares fell 17%.
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