# Nebius Secures 1.2 GW Pennsylvania AI Factory Site as Q1 Revenue Soars 684% to $399 Million on Meta and Nvidia Deals

*2026-05-16 06:01 UTC · Technology · 1 min read*

> Nebius reported Q1 revenue of $399M (+684% YoY) and announced a 1.2 GW Pennsylvania AI factory site, its second US gigawatt campus after Missouri.

Nvidia-backed AI cloud provider Nebius Group reported Q1 2026 revenue of $399 million, a 684% jump from $50.9 million a year earlier, blowing past the $371.4 million consensus. Alongside earnings on May 13, the company announced it has secured up to 1.2 gigawatts of power and land for a new owned AI factory in Pennsylvania, its second gigawatt-scale US site after the 400-acre Independence, Missouri campus that broke ground on May 12.

Capital expenditure hit $2.5 billion for the quarter, nearly five times the $544 million spent in Q1 2025, as Nebius raised guidance to more than 4 gigawatts of contracted power by the end of 2026. The buildout is anchored by a $27 billion, five-year capacity contract with Meta and a $2 billion strategic investment from Nvidia targeting more than 5 gigawatts of joint capacity by 2030.

GAAP net income of $621.2 million was lifted by a $780.6 million gain on revaluation of investments, masking an adjusted net loss of $100.3 million as the company front-loads AI infrastructure spend. Adjusted EBITDA reached $129.5 million. The Pennsylvania site is expected to begin delivering capacity in 2027.

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/nebius-q1-2026-earnings-beat-122602546.html)
- [nebius.com](https://nebius.com/newsroom/nebius-reports-first-quarter-2026-financial-results)
- [businesswire.com](https://www.businesswire.com/news/home/20260512738854/en/Nebius-breaks-ground-on-gigawatt-scale-AI-factory-in-Independence-Missouri)

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TechTools News · https://techtools.cz/tools/news/article/1657-nebius-secures-1-2-gw-pennsylvania-ai-factory-site-as-q1-revenue-soars-684-to
Česká verze: https://techtools.cz/tools/news/clanek/1730-nebius-ziskal-v-pensylvanii-pozemek-pro-ai-tovarnu-o-vykonu-1-2-gw-trzby-v-1