Description

CoreWeave’s 1.5-Gigawatt Footprint Hits A Tipping Point — Capacity Is Scaling Fast!

CoreWeave delivered a strong second quarter in 2026, marked by significant revenue growth, expanding operating margins, and rapid capacity increases aligned with evolving AI demand. The company reported record revenue of $2.6 billion, representing a 112% year-over-year increase and 24% sequential growth. Its revenue backlog more than doubled, reaching $104.2 billion, excluding an additional $25 billion in new Q3 commitments, indicating robust customer demand and contract visibility. The company’s operating leverage became more evident, with adjusted operating income rising to $128 million and adjusted EBITDA reaching $1.5 billion, doubling year-over-year, despite a net loss of $626 million due to increased interest expense from debt raised to finance infrastructure expansion. Adjusted operating margins expanded to 5% from prior quarters, with management projecting further sequential margin improvements, targeting low double digits by Q4 2026.