Nebius Sets Q2 2027 Delivery for Remaining Microsoft Capacity

Nebius Group N.V. said the remaining computing capacity contracted with Microsoft at its New Jersey site is scheduled for delivery in the second quarter of 2027, shifting some expected revenue into early next year.

The company expects to deliver more than half of the contracted capacity by year-end. Nebius tied the revised schedule to temporary power changes during the site's transition to Bloom Energy fuel cells.

Nebius shares fell 2.7% in Friday premarket trading after dropping 16.84% Thursday. The company expects 2026 revenue near the low end of its $3.0 billion to $3.4 billion range.

The site-specific date adds detail to the broader first-half 2027 timing in Nebius' third-quarter results coverage.

Nebius forecasts about $27 billion in capital expenditures for 2026. It estimates customer prepayments and contract-backed financing could cover 75% to 85% of its 2027 spending. The remaining New Jersey capacity is scheduled for delivery in the second quarter of 2027.