CoreWeave Reports $2.6B Revenue, Shares Surge 19% Post-Earnings
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowCoreWeave's shares increased by 19% following the announcement of its second-quarter revenue of $2.6 billion, which is a 112% rise from $1.2 billion in Q2 2025. Despite this growth, the company recorded an operating loss of $49 million due to operating expenses also more than doubling. CoreWeave guides for third-quarter revenue between $3.4 billion and $3.6 billion, with a revenue backlog of $104 billion as of June 30. This surge highlights strong demand for AI compute capacity and could positively impact investor sentiment in AI-related stocks.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
