diff --git a/pytorch_forecasting/models/nbeats/_nbeats_adapter_v2.py b/pytorch_forecasting/models/nbeats/_nbeats_adapter_v2.py
new file mode 100644
index 000000000..834e354b6
--- /dev/null
+++ b/pytorch_forecasting/models/nbeats/_nbeats_adapter_v2.py
@@ -0,0 +1,239 @@
+"""Shared N-Beats adapter for pytorch-forecasting v2."""
+
+from typing import Any, Optional, Union
+
+import torch
+from torch import nn
+from torch.optim import Optimizer
+
+from pytorch_forecasting.layers._nbeats._blocks import (
+    NBEATSSeasonalBlock,
+    NBEATSTrendBlock,
+)
+from pytorch_forecasting.metrics import Metric
+from pytorch_forecasting.models.base._tslib_base_model_v2 import TslibBaseModel
+
+
+class NBeatsAdapterV2(TslibBaseModel):
+    """Shared forward / training helpers for NBeats and NBeatsKAN (v2)."""
+
+    def __init__(
+        self,
+        loss: Metric,
+        logging_metrics: list[nn.Module] | None = None,
+        optimizer: Optimizer | str | None = "adam",
+        optimizer_params: dict | None = None,
+        lr_scheduler: str | None = None,
+        lr_scheduler_params: dict | None = None,
+        metadata: dict | None = None,
+        backcast_loss_ratio: float = 0.0,
+        **kwargs: Any,
+    ):
+        super().__init__(
+            loss=loss,
+            logging_metrics=logging_metrics,
+            optimizer=optimizer,
+            optimizer_params=optimizer_params,
+            lr_scheduler=lr_scheduler,
+            lr_scheduler_params=lr_scheduler_params,
+            metadata=metadata,
+        )
+        self.backcast_loss_ratio = backcast_loss_ratio
+
+    def _target_from_batch(self, x: dict[str, torch.Tensor]) -> torch.Tensor:
+        """Extract univariate target history.
+
+        v1 used ``x["encoder_cont"][..., 0]``. v2 tslib batches keep the target
+        in ``history_target``.
+        """
+        target = x["history_target"]
+        if target.ndim == 3:
+            target = target[..., 0]
+        return target
+
+    def forward(self, x: dict[str, torch.Tensor]) -> dict[str, torch.Tensor]:
+        """Pass forward of network.
+
+        Network steps match v1 ``NBeatsAdapter.forward``; only input assembly
+        and output packaging differ for the v2 API.
+        """
+        # --- v2 batch adapter (v1: target = x["encoder_cont"][..., 0]) ---
+        target = self._target_from_batch(x)
+
+        # --- same as v1 from here ---
+        timesteps = self.context_length + self.prediction_length
+        generic_forecast = [
+            torch.zeros(
+                (target.size(0), timesteps), dtype=torch.float32, device=self.device
+            )
+        ]
+        trend_forecast = [
+            torch.zeros(
+                (target.size(0), timesteps), dtype=torch.float32, device=self.device
+            )
+        ]
+        seasonal_forecast = [
+            torch.zeros(
+                (target.size(0), timesteps), dtype=torch.float32, device=self.device
+            )
+        ]
+        forecast = torch.zeros(
+            (target.size(0), self.prediction_length),
+            dtype=torch.float32,
+            device=self.device,
+        )
+
+        backcast = target  # initialize backcast
+        for i, block in enumerate(self.net_blocks):
+            # evaluate block
+            backcast_block, forecast_block = block(backcast)
+
+            # add for interpretation
+            full = torch.cat([backcast_block.detach(), forecast_block.detach()], dim=1)
+            if isinstance(block, NBEATSTrendBlock):
+                trend_forecast.append(full)
+            elif isinstance(block, NBEATSSeasonalBlock):
+                seasonal_forecast.append(full)
+            else:
+                generic_forecast.append(full)
+
+            # update backcast and forecast
+            backcast = (
+                backcast - backcast_block
+            )  # do not use backcast -= backcast_block as this signifies an inline operation  # noqa: E501
+            forecast = forecast + forecast_block
+
+        prediction = forecast.unsqueeze(-1)
+        backcast_out = (target - backcast).unsqueeze(-1)
+        trend = torch.stack(trend_forecast, dim=0).sum(0).unsqueeze(-1)
+        seasonality = torch.stack(seasonal_forecast, dim=0).sum(0).unsqueeze(-1)
+        generic = torch.stack(generic_forecast, dim=0).sum(0).unsqueeze(-1)
+
+        # v1 applied transform_output via BaseModel; v2 tslib does so when scales exist
+        if "target_scale" in x:
+            prediction = self.transform_output(prediction, x["target_scale"])
+            backcast_out = self.transform_output(backcast_out, x["target_scale"])
+            trend = self.transform_output(trend, x["target_scale"])
+            seasonality = self.transform_output(seasonality, x["target_scale"])
+            generic = self.transform_output(generic, x["target_scale"])
+
+        # v1: to_network_output(...); v2: plain dict
+        return {
+            "prediction": prediction,
+            "backcast": backcast_out,
+            "trend": trend,
+            "seasonality": seasonality,
+            "generic": generic,
+        }
+
+    def _compute_loss(
+        self,
+        x: dict[str, torch.Tensor],
+        y: torch.Tensor,
+        out: dict[str, torch.Tensor],
+    ) -> tuple[torch.Tensor, torch.Tensor]:
+        """Forecast loss plus optional backcast term (v1 ``step`` parity).
+
+        Applied for train / val / test (not predict), matching v1's
+        ``not self.predicting`` guard on the shared ``step()``.
+        """
+        y_hat = out["prediction"]
+        loss = self.loss(y_hat, y)
+
+        if self.backcast_loss_ratio > 0:
+            backcast = out["backcast"].squeeze(-1)
+            encoder_target = self._target_from_batch(x)
+
+            backcast_weight = (
+                self.backcast_loss_ratio
+                * self.prediction_length
+                / max(self.context_length, 1)
+            )
+            backcast_weight = backcast_weight / (backcast_weight + 1)
+            forecast_weight = 1 - backcast_weight
+
+            backcast_loss = (backcast - encoder_target).abs().mean() * backcast_weight
+            loss = loss * forecast_weight + backcast_loss
+
+        return loss, y_hat
+
+    def training_step(
+        self, batch: tuple[dict[str, torch.Tensor]], batch_idx: int
+    ) -> dict[str, torch.Tensor]:
+        """
+        Training step for the model with optional backcast loss.
+
+        Parameters
+        ----------
+        batch : Tuple[Dict[str, torch.Tensor]]
+            Batch of data containing input and target tensors.
+        batch_idx : int
+            Index of the batch.
+
+        Returns
+        -------
+        STEP_OUTPUT
+            Dictionary containing the loss and other metrics.
+        """
+        x, y = batch
+        out = self(x)
+        loss, y_hat = self._compute_loss(x, y, out)
+        self.log(
+            "train_loss", loss, on_step=True, on_epoch=True, prog_bar=True, logger=True
+        )
+        self.log_metrics(y_hat, y, prefix="train")
+        return {"loss": loss}
+
+    def validation_step(
+        self, batch: tuple[dict[str, torch.Tensor]], batch_idx: int
+    ) -> dict[str, torch.Tensor]:
+        """
+        Validation step for the model with optional backcast loss.
+
+        Parameters
+        ----------
+        batch : Tuple[Dict[str, torch.Tensor]]
+            Batch of data containing input and target tensors.
+        batch_idx : int
+            Index of the batch.
+
+        Returns
+        -------
+        STEP_OUTPUT
+            Dictionary containing the loss and other metrics.
+        """
+        x, y = batch
+        out = self(x)
+        loss, y_hat = self._compute_loss(x, y, out)
+        self.log(
+            "val_loss", loss, on_step=False, on_epoch=True, prog_bar=True, logger=True
+        )
+        self.log_metrics(y_hat, y, prefix="val")
+        return {"val_loss": loss}
+
+    def test_step(
+        self, batch: tuple[dict[str, torch.Tensor]], batch_idx: int
+    ) -> dict[str, torch.Tensor]:
+        """
+        Test step for the model with optional backcast loss.
+
+        Parameters
+        ----------
+        batch : Tuple[Dict[str, torch.Tensor]]
+            Batch of data containing input and target tensors.
+        batch_idx : int
+            Index of the batch.
+
+        Returns
+        -------
+        STEP_OUTPUT
+            Dictionary containing the loss and other metrics.
+        """
+        x, y = batch
+        out = self(x)
+        loss, y_hat = self._compute_loss(x, y, out)
+        self.log(
+            "test_loss", loss, on_step=False, on_epoch=True, prog_bar=True, logger=True
+        )
+        self.log_metrics(y_hat, y, prefix="test")
+        return {"test_loss": loss}
diff --git a/pytorch_forecasting/models/nbeats/_nbeats_pkg_v2.py b/pytorch_forecasting/models/nbeats/_nbeats_pkg_v2.py
new file mode 100644
index 000000000..d93a17aba
--- /dev/null
+++ b/pytorch_forecasting/models/nbeats/_nbeats_pkg_v2.py
@@ -0,0 +1,98 @@
+"""NBeats v2 package container."""
+
+from pytorch_forecasting.base._base_pkg import Base_pkg
+
+
+class NBeats_pkg_v2(Base_pkg):
+    """NBeats v2 package container."""
+
+    _tags = {
+        "info:name": "NBeats",
+        "info:compute": 1,
+        "info:y_type": ["numeric"],
+        "authors": [
+            "dmitri-carpov"  # paper author
+            "jdb78",  # for v1
+            "Faakhir30",
+        ],
+        "capability:exogenous": False,
+        "capability:multivariate": False,
+        "capability:pred_int": False,
+        "capability:flexible_history_length": False,
+        "capability:cold_start": False,
+    }
+
+    @classmethod
+    def get_cls(cls):
+        """Get model class."""
+        from pytorch_forecasting.models.nbeats._nbeats_v2 import NBeats
+
+        return NBeats
+
+    @classmethod
+    def get_datamodule_cls(cls):
+        """Get the underlying DataModule class."""
+        from pytorch_forecasting.data.data_module import TslibDataModule
+
+        return TslibDataModule
+
+    @classmethod
+    def get_test_train_params(cls):
+        """Return testing parameter settings for the trainer."""
+        from pytorch_forecasting.metrics import MAE, MAPE, SMAPE
+
+        params = [
+            {
+                "widths": [16, 32],
+                "num_blocks": [1, 1],
+                "num_block_layers": [2, 2],
+            },
+            {
+                "backcast_loss_ratio": 1.0,
+                "widths": [16, 32],
+                "num_blocks": [1, 1],
+                "num_block_layers": [2, 2],
+            },
+            {
+                "stack_types": ["generic"],
+                "num_blocks": [1],
+                "num_block_layers": [2],
+                "widths": [16],
+                "expansion_coefficient_lengths": [8],
+                "sharing": [False],
+            },
+            {
+                "loss": MAE(),
+                "widths": [16, 32],
+                "num_blocks": [1, 1],
+                "num_block_layers": [2, 2],
+            },
+            {
+                "loss": MAPE(),
+                "logging_metrics": [SMAPE()],
+                "widths": [16, 32],
+                "num_blocks": [1, 1],
+                "num_block_layers": [2, 2],
+            },
+            {
+                "optimizer": "adamw",
+                "lr_scheduler": "cosine_annealing",
+                "lr_scheduler_params": {"T_max": 5},
+                "widths": [16, 32],
+                "num_blocks": [1, 1],
+                "num_block_layers": [2, 2],
+            },
+        ]
+
+        default_dm_cfg = {
+            "context_length": 8,
+            "prediction_length": 3,
+            "add_relative_time_idx": False,
+        }
+
+        for param in params:
+            current_dm_cfg = param.get("datamodule_cfg", {})
+            default_dm_cfg.update(current_dm_cfg)
+            param["datamodule_cfg"] = default_dm_cfg.copy()
+
+        return params
diff --git a/pytorch_forecasting/models/nbeats/_nbeats_v2.py b/pytorch_forecasting/models/nbeats/_nbeats_v2.py
new file mode 100644
index 000000000..bfb59a6ef
--- /dev/null
+++ b/pytorch_forecasting/models/nbeats/_nbeats_v2.py
@@ -0,0 +1,130 @@
+"""
+N-Beats model for pytorch-forecasting v2 (no covariates).
+"""
+
+from typing import Any, Optional, Union
+
+from torch import nn
+from torch.optim import Optimizer
+
+from pytorch_forecasting.layers._nbeats._blocks import (
+    NBEATSGenericBlock,
+    NBEATSSeasonalBlock,
+    NBEATSTrendBlock,
+)
+from pytorch_forecasting.metrics import MAE, MAPE, RMSE, SMAPE, Metric
+from pytorch_forecasting.models.nbeats._nbeats_adapter_v2 import NBeatsAdapterV2
+
+
+class NBeats(NBeatsAdapterV2):
+    """
+    N-BEATS for pytorch-forecasting v2.
+
+    Based on
+    `N-BEATS: Neural basis expansion analysis for interpretable time series
+    forecasting <http://arxiv.org/abs/1905.10437>`_.
+
+    Network construction matches the v1 ``NBeats`` class; ``context_length`` /
+    ``prediction_length`` come from datamodule ``metadata`` instead of
+    ``from_dataset``.
+    """
+
+    @classmethod
+    def _pkg(cls):
+        """Package for the model."""
+        from pytorch_forecasting.models.nbeats._nbeats_pkg_v2 import NBeats_pkg_v2
+
+        return NBeats_pkg_v2
+
+    def __init__(
+        self,
+        loss: Metric,
+        stack_types: list[str] | None = None,
+        num_blocks: list[int] | None = None,
+        num_block_layers: list[int] | None = None,
+        widths: list[int] | None = None,
+        sharing: list[bool] | None = None,
+        expansion_coefficient_lengths: list[int] | None = None,
+        dropout: float = 0.1,
+        backcast_loss_ratio: float = 0.0,
+        logging_metrics: list[nn.Module] | None = None,
+        optimizer: Optimizer | str | None = "adam",
+        optimizer_params: dict | None = None,
+        lr_scheduler: str | None = None,
+        lr_scheduler_params: dict | None = None,
+        metadata: dict | None = None,
+        **kwargs: Any,
+    ):
+        if expansion_coefficient_lengths is None:
+            expansion_coefficient_lengths = [3, 7]
+        if sharing is None:
+            sharing = [True, True]
+        if widths is None:
+            widths = [32, 512]
+        if num_block_layers is None:
+            num_block_layers = [3, 3]
+        if num_blocks is None:
+            num_blocks = [3, 3]
+        if stack_types is None:
+            stack_types = ["trend", "seasonality"]
+        if logging_metrics is None:
+            logging_metrics = [SMAPE(), MAE(), RMSE(), MAPE()]
+
+        super().__init__(
+            loss=loss,
+            logging_metrics=logging_metrics,
+            optimizer=optimizer,
+            optimizer_params=optimizer_params,
+            lr_scheduler=lr_scheduler,
+            lr_scheduler_params=lr_scheduler_params,
+            metadata=metadata,
+            backcast_loss_ratio=backcast_loss_ratio,
+        )
+        self.save_hyperparameters(ignore=["loss", "logging_metrics", "metadata"])
+
+        self.stack_types = stack_types
+        self.num_blocks = num_blocks
+        self.num_block_layers = num_block_layers
+        self.widths = widths
+        self.sharing = sharing
+        self.expansion_coefficient_lengths = expansion_coefficient_lengths
+        self.dropout = dropout
+
+        self._init_network()
+
+    def _init_network(self):
+        """Build N-BEATS stacks (same block wiring as v1)."""
+        self.net_blocks = nn.ModuleList()
+        for stack_id, stack_type in enumerate(self.stack_types):
+            for _ in range(self.num_blocks[stack_id]):
+                if stack_type == "generic":
+                    net_block = NBEATSGenericBlock(
+                        units=self.widths[stack_id],
+                        thetas_dim=self.expansion_coefficient_lengths[stack_id],
+                        num_block_layers=self.num_block_layers[stack_id],
+                        backcast_length=self.context_length,
+                        forecast_length=self.prediction_length,
+                        dropout=self.dropout,
+                    )
+                elif stack_type == "seasonality":
+                    net_block = NBEATSSeasonalBlock(
+                        units=self.widths[stack_id],
+                        num_block_layers=self.num_block_layers[stack_id],
+                        backcast_length=self.context_length,
+                        forecast_length=self.prediction_length,
+                        min_period=self.expansion_coefficient_lengths[stack_id],
+                        dropout=self.dropout,
+                    )
+                elif stack_type == "trend":
+                    net_block = NBEATSTrendBlock(
+                        units=self.widths[stack_id],
+                        thetas_dim=self.expansion_coefficient_lengths[stack_id],
+                        num_block_layers=self.num_block_layers[stack_id],
+                        backcast_length=self.context_length,
+                        forecast_length=self.prediction_length,
+                        dropout=self.dropout,
+                    )
+                else:
+                    raise ValueError(f"Unknown stack type {stack_type}")
+
+                self.net_blocks.append(net_block)