Q2 2026 earningsTue, Aug 11, 2026
CoreWeave reports second quarter 2026 results
Total Revenue2.58B USD
Adjusted EBITDA1.51B USD
Net Income (Loss)-626M USD
Revenue Backlog104B USD
Key points
- Revenue $2.575B, up 112% YoY and 24% QoQ
- Adjusted EBITDA $1.51B (59% margin); net loss $626M
- Capex $9.4B, slightly above high end of guidance
- Active power 1.5GW (+500MW, largest quarterly add ever); total contracted power 3.7GW at quarter-end, 4.2GW as of call date
- Revenue backlog $104B (+246% YoY), excluding >$25B of net-new commitments signed in early Q3