Nebius’ projected 2028 revenue appears to range from about $3.2 billion to $15.23 billion , depending on which forecast you use. A widely cited estimate says $15.23 billion by 2028 , while another projection tied to consensus and major contract assumptions puts it around $7.1 billion , and a more conservative forecast estimates $3.2 billion.

What the estimates mean

  • $15.23 billion is the most aggressive figure in the sources reviewed, coming from a 2026 article summarizing Wall Street expectations.
  • $7.1 billion is a scenario-based estimate that combines consensus growth with added revenue from a major Microsoft contract.
  • $3.2 billion is a lower-end forecast from a separate analysis focused on growth targets and infrastructure expansion.

Best single-number answer

If you want one concise number, $15.23 billion is the clearest published 2028 revenue projection I found.

Caveat

These are forecasts, not guarantees , and they vary a lot because Nebius is still in a very fast-changing growth phase with large contract-driven upside.