π CoreWeave $CRWV rockets +18% β AI cloud revenue doubled to $2.58B with $104B backlog
CoreWeave crushed Q2 expectations with $2.58B in revenue (up 112% YoY), beating the $2.56B consensus, and raised its full-year 2026 revenue guide to $12.4Bβ$13.2B. New deals with Anthropic and Meta were announced, bolstering its AI cloud dominance β and that $104B revenue backlog shows demand is nowhere near slowing. Losses widened as interest costs ballooned, so it is not all roses. Not financial advice. Can CoreWeave sustain this growth while managing its debt load?
β‘ 7 buzzing
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