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Analyst
Alex Platt
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q1 (6 quarters).
- Questions
- 8on tracked calls
- Challenge rate
- 13%1 of 8 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 8 of 8 questions from 2 companies
NBISNebius Group N.V.6 questions · 4 reporting periods · 1 of 6 challenging
Calendar 2026 Q1
Can you explain how the $15 billion capacity option works?
Show response
Marc Boroditsky explained the $27 billion Meta deal as a $12 billion committed portion plus a $15 billion option Nebius can allocate to Meta or its cloud customers.
Calendar 2025 Q4
Can you help us bridge to not only the 800 megawatts to 1 gigawatt of connected power guidance, but now to the 3 gigawatts of contracted power guidance by year end
Show response
Andrey Korolenko said a mix of smaller/larger and colocation projects supports the connected-power target, with owned projects ramping in 2027.
How should we think about your progress against the $7,000,000,000 to $9,000,000,000 of ARR guide? And are you really dependent on the large hyperscalers to get to that range?
Show response
Marc Boroditsky said the 2026 ARR target does not depend on new mega-deals, resting on planned capacity, pipeline and go-to-market across verticals.
Calendar 2025 Q3
Can you tell us more about the new Meta deal? Why did they choose you, and how should we model the deal?
Show response
Arkady Volozh said the deal size was limited only by available capacity and framed mega-deals as financing for the core AI cloud, without deal-modeling specifics.
How should we think about the lead time between when power is connected to and when it is hooked up to GPUs and generating revenue?
Show response
Andrey Korolenko gave a concrete six-to-twelve-week window, faster for existing sites.
Calendar 2025 Q2
if we're getting to 1 gigawatt of contracted power by the end of '26, how should we think about revenue for next year?
Show response
Marc Boroditsky declined to give 2026 guidance but reaffirmed the midterm several-billion base case, excluding any frontier-lab or hyperscaler mega-deal.
IONQIonQ, Inc.2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q1
just any updates you could sort of give us on Tempo and around the technical roadmap?
Show response
Kassmann said Tempo engineering, design, and build are on target for current delivery plans, with active work on AQ and fidelity metrics.
Calendar 2024 Q4
could you maybe give us a better idea for where energy consumption was at prior to this
Show response
Kassmann gave qualitative scaling advantages (linear qubit scaling, lower size/weight/power) but no numeric energy baseline.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| NBIS Nebius Group N.V. | 6 | 17%1 of 6 questions |
| IONQ IonQ, Inc. | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | 2 | 50%1 of 2 questions | 1 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth4
- Capex Investment3
- Demand2
- Innovation & R&D2
- Guidance Reliability1
- Product Launch1