Roman Chernin

Roman Chernin (Nebius) on Q1 Earnings & the Token Factory

Nebius co-founder and CBO Roman Chernin walks through the Q1 2026 results—ARR up 674% year over year, AI cloud EBITDA margin near 45% after nearly doubling quarter on quarter, and contracted capacity exceeding 3.5GW—and explains the four-plus customers queuing for every GPU brought online. He details the full-stack strategy from greenfield gigawatt data centers up through the cloud to the Token Factory managed inference platform, frames the Agen AI and Clarify acquisitions as engine plus aerodynamics, touches on robotics in data centers and enterprise expansion, and previews the agentic layer following the Tavily deal.

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