{"id":632201,"date":"2026-08-11T23:29:11","date_gmt":"2026-08-11T23:29:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/632201\/"},"modified":"2026-08-11T23:29:11","modified_gmt":"2026-08-11T23:29:11","slug":"coreweave-crwv-q2-earnings-report-2026","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/632201\/","title":{"rendered":"CoreWeave (CRWV) Q2 earnings report 2026"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/quotes\/CRWV\/\" rel=\"nofollow noopener\" target=\"_blank\">CoreWeave<\/a> shares jumped 14% in extended trading on Tuesday after the AI infrastructure provider reported results than topped Wall Street expectations.<\/p>\n<p>Here&#8217;s how the company did relative to LSEG consensus:<\/p>\n<ul>\n<li><strong>Earnings per share:<\/strong> Loss of $1.03 adjusted vs. loss of $1.20 expected<\/li>\n<li><strong>Revenue:<\/strong>\u00a0$2.58 billion vs. $2.56 billion expected<\/li>\n<\/ul>\n<p>Revenue climbed 112% during the quarter from a year earlier, CoreWeave said in a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260811994189\/en\/CoreWeave-Reports-Strong-Second-Quarter-2026-Results\" target=\"_blank\" rel=\"nofollow noopener\">statement<\/a>. Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago. <\/p>\n<p>The company&#8217;s revenue backlog now stands at $104 billion, a figure that excludes over $25 billion in new commitments from the third quarter, and it boasted 1.5 gigawatts of active power.<\/p>\n<p>With respect to guidance, management called for $3.4 billion to $3.6 billion in third-quarter revenue, which would imply 158% growth at the middle of the range. Analysts polled by LSEG were looking for $3.43 billion.<\/p>\n<p>For 2026, CoreWeave now sees $960 million to $1.15 billion in adjusted operating income on $12.4 billion to $13.2 billion in revenue. Analysts surveyed by LSEG had expected $12.63 billion in full-year revenue. In May <a href=\"https:\/\/www.cnbc.com\/2026\/05\/07\/coreweave-crwv-q1-earnings-report-2026.html\" rel=\"nofollow noopener\" target=\"_blank\">it was projecting<\/a> $900 million to $1.1 billion in adjusted operating income on $12 billion to $13 billion in revenue.<\/p>\n<p>The company called for over 1.85 gigawatts in active power by year end, with $35 billion to $39 billion in annual capital expenditures. The forecast as of May included capital spending between $31 billion and $35 billion.<\/p>\n<p>The 8-year-old company has been racing cloud market leaders <a href=\"https:\/\/www.cnbc.com\/quotes\/AMZN\/\" rel=\"nofollow noopener\" target=\"_blank\">Amazon<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\" rel=\"nofollow noopener\" target=\"_blank\">Google<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\" rel=\"nofollow noopener\" target=\"_blank\">Microsoft<\/a> to open data centers filled with chips that can run generative artificial intelligence models. Unlike them, CoreWeave isn&#8217;t profitable. As of quarter end, CoreWeave had $35 billion in debt on its balance sheet to cover the cost of <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a> graphics processing units and other equipment.<\/p>\n<p>Across the U.S., people have become more critical of data center construction. In July New York&#8217;s governor, Kathy Hochul, signed an <a href=\"https:\/\/www.cnbc.com\/2026\/07\/14\/new-york-ai-data-center-ban.html\" rel=\"nofollow noopener\" target=\"_blank\">executive order<\/a> establishing a moratorium on new large-scale data centers.<\/p>\n<p>&#8220;When we talk through the numbers with you guys, we&#8217;re basing our progress on where we are today and what we have guided here,&#8221; CEO Mike Intrator said on a conference call with analysts. &#8220;None of those numbers will be impacted by the regulatory pushback as of today.&#8221;<\/p>\n<p>Still, the opposition isn&#8217;t helping.<\/p>\n<p>&#8220;There is no question that when when parts of the U.S. become unwilling to even engage in those conversations, that it becomes more challenging,&#8221; Intrator said in an interview with CNBC.<\/p>\n<p>CoreWeave it seeing favorable trends on renting Nvidia chips, Intrator said. &#8220;Pricing and margins for our Blackwell and Vera Rubin SKUs are setting new highs, while pricing for prior generation SKUs is at or above where it was years ago,&#8221; he said. <\/p>\n<p>The company is passing component price hikes down to customers, said Nitin Agrawal, its finance chief.<\/p>\n<p>During the quarter, <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\" rel=\"nofollow noopener\" target=\"_blank\">Meta<\/a> said it would spend an <a href=\"https:\/\/www.cnbc.com\/2026\/04\/09\/meta-commits-to-spending-additional-21-billion-with-coreweave-.html\" rel=\"nofollow noopener\" target=\"_blank\">additional $21 billion<\/a> with CoreWeave, which also announced a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260410890996\/en\/CoreWeave-Announces-Multi-Year-Agreement-With-Anthropic\" target=\"_blank\" rel=\"nofollow noopener\">multi-year agreement<\/a> with Anthropic and a $6 billion commitment from quantitative trading firm <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260415280149\/en\/Jane-Street-Signs-%246-Billion-AI-Cloud-Agreement-With-CoreWeave\" target=\"_blank\" rel=\"nofollow noopener\">Jane Street<\/a>.<\/p>\n<p>Meanwhile, competition is ramping. <a href=\"https:\/\/www.cnbc.com\/quotes\/SPCX\/\" rel=\"nofollow noopener\" target=\"_blank\">SpaceX<\/a> has begun selling <a href=\"https:\/\/www.cnbc.com\/2026\/05\/20\/spacex-ipo-live-updates.html\" rel=\"nofollow noopener\" target=\"_blank\">excess computing capacity<\/a>, and Meta has <a href=\"https:\/\/www.cnbc.com\/2026\/07\/29\/zuckerberg-metas-ai-capacity-dilemma-what-to-sell-vs-what-to-keep.html\" rel=\"nofollow noopener\" target=\"_blank\">considered launching<\/a> a cloud business. Rival <a href=\"https:\/\/www.cnbc.com\/quotes\/NBIS\/\" rel=\"nofollow noopener\" target=\"_blank\">Nebius<\/a> gained 5% in extended trading. <\/p>\n<p>&#8220;Even with this increased competition, we&#8217;re seeing demand, pricing and margin all expanding, which is a signal for the growth in the CoreWeave &#8230; product, as well as our growth overall in an already massive TAM that exists,&#8221; Agrawal said.<\/p>\n<p>As of Tuesday&#8217;s close, CoreWeave shares had gained 26% year to date, while the S&amp;P 500 was up almost 13%. The stock debuted on Nasdaq <a href=\"https:\/\/www.cnbc.com\/2025\/03\/28\/coreweave-starts-trading-on-nasdaq-at-per-share.html\" rel=\"nofollow noopener\" target=\"_blank\">in March 2025<\/a>.<\/p>\n<p><strong>WATCH:<\/strong> <a href=\"https:\/\/www.cnbc.com\/video\/2026\/08\/11\/options-action-ai-earnings-after-the-bell.html\" rel=\"nofollow noopener\" target=\"_blank\">Options Action: AI earnings after the bell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CoreWeave shares jumped 14% in extended trading on Tuesday after the AI infrastructure provider reported results than topped&hellip;\n","protected":false},"author":2,"featured_media":632202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,6565,489,289,290,211027,860,79,207,4128,241279,6738,18,9360,165333,19,263707,157631,17,186197,157630,15415,5763,5762,72250,968,778,19881,14866,82,168856],"class_list":["post-632201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alphabet-class-a","tag-amazon-com-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-earnings","tag-breaking-news-technology","tag-business","tag-business-news","tag-coreweave-inc","tag-direxion-daily-semiconductor-bear-3x-shares","tag-earnings","tag-eire","tag-enterprise","tag-global-x-robotics-artificial-intelligence-etf","tag-ie","tag-invesco-ai-and-next-gen-software-etf","tag-invesco-qqq-trust","tag-ireland","tag-ishares-expanded-tech-sector-etf","tag-ishares-semiconductor-etf","tag-kathy-hochul","tag-meta-platforms-inc","tag-microsoft-corp","tag-nebius-group-nv","tag-new-york","tag-nvidia-corp","tag-space-exploration-technologies-corp","tag-spdr-sp-500-etf-trust","tag-technology","tag-wisdomtree-cloud-computing-fund"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/632201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=632201"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/632201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/632202"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=632201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=632201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=632201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}