ET Head of Investor Relations - Gili Naftalovich Operator: Welcome to Nebius Group's Q2 2026 Earnings Conference Call. [Operator Instructions] I will now hand over to Gili Naftalovich, Head of Investor Relations, to start the call. Gili Naftalovich: Hi, everyone, and welcome to Nebius' Second Quarter 2026 Earnings Conference Call. Joining us on the call today, we have our CEO, Arkady; our CFO, Dado, and the broader Nebius management team.
Before we get started, I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties.
Actual results could differ materially. Please refer to our Form 20-F for a list of our risk factors. We undertake no obligation to update any forward-looking statements.
During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release. All earnings-related documents are distributed and available to the public through our Investor Relations website, which can be found at nebius.com.
And now I'd like to turn the call over to Arkady. Arkady Volozh: Thanks, Gili, and welcome, everyone, to our call today. I would like to provide our investors with a better understanding of our business model.
We had an excellent quarter. The demand for what we are building continues to be enormous, and we have the right business model to capture it. We build capacity ahead of contracts and use our multi-tenant cloud and our software stack to support our customers, AI-natives, Agentic AI leaders, neolabs and some of the most sophisticated enterprises.
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