~$13.5B of backlog expected as revenue by June 2028
Company: Nebius
The claim, verbatim
About 36% of the $37.5 billion backlog, roughly $13.5 billion, is expected to be recognized as revenue over the 24 months ending June 2028.
Source (primary)
Nebius Has $40 Billion of Customer Commitments. Most of It Comes From 2 Customers. - Yahoo Finance (-, news_article)
View cached copy (2026-10-08)Live source ↗Archive.org ↗
Quote: “just 36% of the $37.5 billion backlog is expected to become revenue over the 24 months ending June 2028 -- around $13.5 billion.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The article gives both the percentage and the approximate dollar amount.
Confirmed in the source:
- 36% of Nebius' $37.5 billion backlog is expected to become revenue over the 24 months ending June 2028
- That share amounts to around $13.5 billion
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/nebius-40-billion-customer-commitments-073201031.html) in full (13,449 characters, retrieved October 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius Has $40 Billion of Customer Commitments. Most of It Comes From 2 Customers. - Yahoo Finance
Quote: “just 36% of the $37.5 billion backlog is expected to become revenue over the 24 months ending June 2028 -- around $13.5 billion.”