[{"data":1,"prerenderedAt":159},["ShallowReactive",2],{"triple-beat-NBIS":3,"og-beat-monitoring-NBIS":158},{"ticker":4,"name":5,"description":6,"epsLabel":7,"guidanceLabel":8,"stockLabel":9,"quarters":10,"tableNotes":142,"highlightQuarter":126,"highlightDescription":147,"sources":148},"NBIS","Nebius Group","Yandex から切り出された旧 N.V. 法人で、NVIDIA投資先・AI GPUクラウドプレイヤー。直近8四半期（Q2 2024〜Q1 2026）はNebius初回決算から「ARR $1.2B 到達」「Meta $27B 契約」「NVIDIA $2B 追加出資（8.3%株主）」と一気に評価軸が変わった期間。Q1 2026 はClickHouse持分の再評価益$780M（一時要因）を含みつつも Core AI Cloud EBITDA率 45% という構造的強さを示し、EPS は予想 -$0.78 に対し +$2.11、株価翌日 +15.8%（年初来 +154%、過去1年 +502%）の歴史的サプライズ。","EPS ($, GAAP)","次Q売上ガイド（NBISは年末ARR目標のため未掲載）","株価反応 ($)",[11,25,42,59,76,93,109,125],{"quarter":12,"reportDate":13,"event":14,"revenue":15,"eps":20,"guidance":18,"stock":22},"Q2 2024","2024/8/1","Yandex旧体制（再上場前、コンセンサス未成立）",{"actual":16,"consensus":17,"beatPct":18,"yoyPct":19},"$24 M","n/a",null,330,{"actual":21,"consensus":17,"beatPct":18},"-$0.19",{"reportClose":23,"nextClose":23,"changePct":24},"—",0,{"quarter":26,"reportDate":27,"event":28,"revenue":29,"eps":34,"guidance":18,"stock":38},"Q3 2024","2024/11/1","Nebius 初回決算（再上場後最初の四半期報告）",{"actual":30,"consensus":31,"beatPct":32,"yoyPct":33},"$42 M","$39 M",8.3,666,{"actual":35,"consensus":36,"beatPct":37},"-$0.55","-$0.40",-37.5,{"reportClose":39,"nextClose":40,"changePct":41},"$23.50","$24.10",2.6,{"quarter":43,"reportDate":44,"event":45,"revenue":46,"eps":51,"guidance":18,"stock":55},"Q4 2024","2025/2/20","再上場後、容量立ち上げ遅延で売上ミス",{"actual":47,"consensus":48,"beatPct":49,"yoyPct":50},"$37 M","$48 M",-22.7,366,{"actual":52,"consensus":53,"beatPct":54},"-$0.57","-$0.42",-35.7,{"reportClose":56,"nextClose":57,"changePct":58},"$34.42","$39.41",14.5,{"quarter":60,"reportDate":61,"event":62,"revenue":63,"eps":68,"guidance":18,"stock":72},"Q1 2025","2025/5/20","成長加速フェーズ、EPS が初めてビート",{"actual":64,"consensus":65,"beatPct":66,"yoyPct":67},"$54 M","$53 M",2.4,285,{"actual":69,"consensus":70,"beatPct":71},"-$0.41","-$0.48",14.6,{"reportClose":73,"nextClose":74,"changePct":75},"$45.61","$44.04",-3.4,{"quarter":77,"reportDate":78,"event":79,"revenue":80,"eps":85,"guidance":18,"stock":89},"Q2 2025","2025/8/7","NVIDIA出資（少額・初回）",{"actual":81,"consensus":82,"beatPct":83,"yoyPct":84},"$105 M","$101 M",3.9,525,{"actual":86,"consensus":87,"beatPct":88},"-$0.38","-$0.50",24,{"reportClose":90,"nextClose":91,"changePct":92},"$59.21","$73.83",24.7,{"quarter":94,"reportDate":95,"event":96,"revenue":97,"eps":102,"guidance":18,"stock":106},"Q3 2025","2025/11/11","Microsoft 契約、容量 sold out で売上ミス",{"actual":98,"consensus":99,"beatPct":100,"yoyPct":101},"$146 M","$156 M",-6.2,255,{"actual":103,"consensus":104,"beatPct":105},"-$0.43","-$0.56",23.2,{"reportClose":107,"nextClose":108,"changePct":75},"$90.10","$87.05",{"quarter":110,"reportDate":111,"event":112,"revenue":113,"eps":117,"guidance":18,"stock":121},"Q4 2025","2026/2/12","ARR $1.2B 到達、需要過剰で売上・EPS とも形式上ミス",{"actual":114,"consensus":115,"beatPct":100,"yoyPct":116},"$228 M","$243 M",447,{"actual":118,"consensus":119,"beatPct":120},"-$0.68","-$0.54",-25.9,{"reportClose":122,"nextClose":123,"changePct":124},"$88.65","$85.29",-3.8,{"quarter":126,"reportDate":127,"event":128,"revenue":129,"eps":134,"guidance":18,"stock":138},"Q1 2026","2026/5/13","Meta $27B 契約・NVIDIA $2B 追加出資・四半期黒字化の3連発",{"actual":130,"consensus":131,"beatPct":132,"yoyPct":133},"$399 M","$389 M",2.7,584,{"actual":135,"consensus":136,"beatPct":137},"$2.11","-$0.78",370,{"reportClose":139,"nextClose":140,"changePct":141},"$179.11","$207.43",15.8,[143,144,145,146],"NBISはまだ赤字段階の超高成長企業。EPSビート率は「予想損失より浅い損失=プラス」「予想損失より深い損失=マイナス」で機械計算。Q1 2026 は予想損失 -$0.78 に対し実績 +$2.11（黒字転換）のため、ビート率は +370% と非常に大きな値（ClickHouse持分再評価益$780M の一時要因を含む）。","YoY成長率は「分割直後（Yandex→Nebius切り出し）で四半期ごとに数倍成長中」のためアナリストモデル化が困難。Q2 2024 (Yandex旧体制) は再上場前でコンセンサスが利用不可。","ガイダンス指標は四半期売上ガイドではなく「年末ARR目標」を採用しているため、本表ではガイダンス上振れ率を計算していない。NBISは年末ごとに具体的なARR目標を発表。","Q3 2025、Q4 2025 の売上ミスは「需要に対して供給（GPU容量）が追いつかない」が主因。容量 sold out → アナリスト予想は容量増設前提だが実際の立ち上げ遅延 → 数字上はミス、実態は強気。CEO発言「Everything we build, we sell」（作れば売れる）。","Q1 2026 (2026年5月) はNBISの「コンセンサス覚醒」決算。売上 $399M vs Street $389M（控えめなビート）も、EPS +$2.11 vs ロス予想 -$0.78 → +$2.89 の大幅サプライズ。ClickHouse 持分の再評価益 $780M（一時要因）が利益急増の主因だが、Core AI Cloud EBITDA率 45% は構造的強さの証拠。同時発表：Meta $27B 契約、NVIDIA $2B 出資（8.3%株式取得）、Pennsylvania 新DC（1.2GW）取得。株価翌日 +15.8%、年初来 +154%、過去1年 +502%。NVIDIA Q1 FY24 の再演に近い「景気循環インフラ」→「AIインフラの先行投資先」への評価軸切替点。",[149,152,155],{"label":150,"url":151},"Nebius SEC 6-K filings","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001686598&type=6-K",{"label":153,"url":154},"LSEG/Refinitiv コンセンサス、TipRanks集計、MarketBeat、MVC Investing (Substack)","https://www.tipranks.com/stocks/nbis/forecast",{"label":156,"url":157},"Nebius IR: ARR & Capacity Updates","https://group.nebius.com/news/investors","https://log.eurekapu.com/og/pages/general/beat-monitoring-NBIS.png?title=NBIS%20Nebius%20Group%20-%20%E3%83%93%E3%83%BC%E3%83%88%E3%83%A2%E3%83%8B%E3%82%BF%E3%83%AA%E3%83%B3%E3%82%B0&sig=7e88a7baac35dc2e",1779172236039]