Management remarks
Call period: 2026 Q2 · 2026-08-12
Guidance: Dado Alonso: As such, we are reaffirming our full year 2026 guidance across all metrics.Demand and orders: Dado Alonso: In total, customers' prepayments will bring in more than $9 billion of upfront funding this year, directly reducing the capital we need from debt and equity.Margins: Dado Alonso: Group adjusted EBITDA margin was 41%, up from 32% in Q1.Analyst Q&A
Analyst Marc Boroditsky asked: Now we launched these initiatives to, first and foremost, learn and validate while building our customer relationships in a disciplined way. What we described earlier as short-term scale training capacity deals are specifically customers that are looking for dedicated scale, in this case, GB300 clusters, for 3- to 6-month engagements at a premium. Management Gili Naftalovich answered: We're getting a lot of questions around the deployment of more than 1 gigawatt of new capacity starting in 2027. Dado, can you talk us through how we're planning on funding this CapEx at scale?管理层陈述
电话会期间：2026 Q2 · 2026-08-12
指引：达多·阿隆索：因此，我们重申2026年全年所有指标的业绩指引。需求与订单：达多·阿隆索：总体而言，客户预付款今年将带来逾90亿美元的前期资金，直接减少我们从债务和股权融资中所需的资金。利润率：达多·阿隆索：集团调整后EBITDA利润率为41%，较第一季度的32%有所上升。分析师问答
分析师马克·博罗季茨基表示，公司推出相关举措首要目标是在审慎构建客户关系的同时开展学习与验证，此前提及的短期规模化算力租赁交易，特指寻求专属规模化算力的客户，本次对应GB300集群，合作周期3至6个月，费率为溢价模式。管理层吉利·纳夫塔洛维奇称，市场有诸多关于2027年起部署超过1吉瓦新算力产能的疑问，并请达多介绍如何大规模为该资本开支筹措资金。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
