CoreWeave Edges Past Q2 Revenue Estimates and Lifts 2026 Capex on Surging AI Cloud Demand

Livingston, New Jersey, 12 August 2026 – AI cloud computing infrastructure provider CoreWeave, Inc. reported second-quarter 2026 financial results that surpassed Wall Street revenue expectations, propelled by accelerating enterprise adoption of specialized graphics processing unit clusters. Encouraged by a ballooning order backlog, the specialized neocloud operator raised its full-year revenue outlook and boosted its 2026 capital expenditure target.

For the three months ended 30 June 2026, CoreWeave generated revenue of $2.58 billion, representing a 112 percent year-on-year increase from $1.21 billion recorded in the second quarter of 2025. The top-line performance edged past consensus analyst estimates of $2.56 billion. The company posted an adjusted net loss of $567 million, narrower than the $677 million loss anticipated by market analysts. On a GAAP basis, the net loss stood at $626 million, compared to $290 million in the prior-year period, driven by ongoing capital investments in data center expansion and high-performance hardware.