Market Flux Event
CoreWeave Q2 Revenue More Than Doubles to $2.58 Billion, Backlog Reaches $104 Billion
CoreWeave reported second-quarter revenue of $2.58 billion, more than doubling year over year and edging past analyst estimates of $2.56 billion, as surging demand for AI computing infrastructure drove strong results across the board. Adjusted EBITDA came in at $1.51 billion against an estimate of $1.43 billion, with the adjusted EBITDA margin expanding to 59% from an estimated 55.4%. Adjusted operating income reached $128 million, nearly double the $66.6 million estimate.
The net loss narrowed to $1.14 per share. The company's contracted backlog hit $104 billion, a figure that signals sustained enterprise commitment to AI infrastructure spending. Shares of CoreWeave jumped roughly 7-8% following the release of results.
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Sources
- Unusual_WhalesBREAKING: CoreWeave, $CRWV , earnings: - Revenue: $2.57 billion, est: $2.56 billion - EPS: -$1.14, est: -$1.47 Cava, $CAVA , earnings: - Revenue: $368 million, est: $360 million - EPS: $0.19, est: $0.18
- FirstSquawkCOREWEAVE POSTED Q2 REVENUE OF $2.58 BLN, ABOVE THE $2.56 BLN ESTIMATE, WITH ADJUSTED EBITDA OF $1.51 BLN VERSUS $1.43 BLN, AN ADJUSTED EBITDA MARGIN OF 59% VERSUS 55.4% AND ADJUSTED OPERATING INCOME OF $128 MLN VERSUS $66.6 MLN.
- CNBCCoreWeave stock pops 8% as revenue doubles on accelerating AI infrastructure demand
- cnbc.comCoreWeave stock pops 8% as revenue doubles on accelerating AI infrastructure demand
- InvestingcomCOREWEAVE $CRWV REVENUE MORE THAN DOUBLES AS AI INFRASTRUCTURE DEMAND SURGES
- WsjCoreWeave Shares Jump 12% as Revenue Doubles From Year Earlier
- marketwatch.comCoreWeave's stock soars as earnings show major AI momentum
- InvestingCoreWeave Q2 2026 slides: revenue doubles, backlog surges 246%