# Nebius plans $40 to $45 billion buildout as Microsoft capacity slips

_Published Thursday, November 12, 2026 at 6:57 PM EST · Infrastructure, AI, Products · Latest · Tier 2 — Notable_

![Nebius plans $40 to $45 billion buildout as Microsoft capacity slips — Primary](https://techcrunch.com/wp-content/uploads/2026/11/GettyImages-2300447831.jpg?w=1024)

Nebius forecast $40 to $45 billion in capital spending for 2027 on Thursday, while delays at third-party data centers prompted it to cut its 2026 revenue forecast by $200 million to $3 billion.

The company expects customer prepayments and financing backed by investment-grade contracts to cover up to 85% of next year's spending. It ended the quarter with $7.4 billion in cash.

At its delayed New Jersey site, only just over half of Microsoft's capacity is now planned for delivery by year-end, with the remainder in Q2 2027. The Microsoft contract includes late-delivery penalties and allows termination of affected service after a grace period if no alternative capacity is offered.

## Sources

- [TechCrunch](https://techcrunch.com/2026/11/12/nebius-tests-the-neocloud-playbook-with-40-billion-in-planned-spending/)

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Canonical: https://techandbusiness.org/newswire/R60XPAJtRA32naX9ZaAYo1
Published: 2026-11-12T23:57:47.948Z
Story chronology: 2026-11-12T21:27:10.000Z
Retrieved: 2026-11-13T03:04:07.029Z
Publisher: Tech & Business (techandbusiness.org)