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CoreWeave Q2 Revenue Beats Forecast, Raises 2026 Outlook

8/12/2026

50 6 Full Breakdown

Summary

Story summary

CoreWeave posted Q2 revenue of $2.58 billion, up 112% YoY and beating the $2.56 billion estimate.
It recorded an adjusted loss of $1.03 per share versus a $1.20 target, and a net loss of $626 million largely from a $640 million interest expense.
CoreWeave lifted its 2026 revenue guide to $12.4-$13.2 billion, raised capex to $35-$39 billion, and said it needs about $906 million of adjusted operating income in H2 to hit the midpoint.

History

Historical Context

AWS introduced S3 in March 2006 and EC2 in August 2006, enabling companies like Netflix to migrate their data to the cloud in 2008. Building on that model, GPU-focused provider CoreWeave reported $2.58 billion Q2 revenue in 2024 and plans $35-$39 billion capex to capture AI workloads. The early cloud-scale precedent guides today’s massive infrastructure bets.

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Story summary

CoreWeave posted Q2 revenue of $2.58 billion, up 112% YoY and beating the $2.56 billion estimate.
It recorded an adjusted loss of $1.03 per share versus a $1.20 target, and a net loss of $626 million largely from a $640 million interest expense.
CoreWeave lifted its 2026 revenue guide to $12.4-$13.2 billion, raised capex to $35-$39 billion, and said it needs about $906 million of adjusted operating income in H2 to hit the midpoint.

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