CoreWeave reported total revenue of $2.58 billion for the quarter ended June 30, above the analyst consensus of $2.56 billion, according to a CNA (中央社) report. Cnyes (鉅亨網) added the year-over-year context: revenue rose 112% from the same quarter last year to reach the $2.58 billion figure, also beating the $2.56 billion market forecast.
Co-founder and CEO Michael Intrator characterized the quarter as a milestone, telling CNA: "CoreWeave reached an important inflection point this quarter, and our scale will begin translating into increasing operating leverage."
According to Cnyes, CoreWeave's quarter included three named customer wins: Meta Platforms announced an additional $21 billion in spending commitments, CoreWeave signed a multi-year agreement with Anthropic, and quantitative trading firm Jane Street committed to a $6 billion order.
These wins fed into a backlog of contracted future revenue that CNA reported at $104.2 billion as of June 30, up from $99.4 billion at the end of the first quarter. Cnyes reported the comparable backlog figure at $104.0 billion, describing it as having crossed the $100 billion mark for the first time — a threshold that, per Cnyes, does not yet include the more than $25 billion in new customer commitments CoreWeave said it secured this quarter, a figure also confirmed by CNA.
CNA reported that capital expenditure for the June quarter reached $9.4 billion, up from $6.8 billion in the prior quarter and far above the $2.9 billion spent in the same quarter last year. Over the same period, CoreWeave brought 8 new data centers online, according to CNA, lifting its total operating data center count worldwide to 51.
Cnyes reported that CoreWeave's active power capacity now stands at 1.5 GW, with the company targeting more than 1.85 GW of active capacity by year-end, alongside full-year capex guidance of $35–39 billion.
Despite the revenue beat, CoreWeave's bottom line remained in the red. CNA reported an adjusted per-share loss of $1.03, narrower than the $1.20 loss analysts had expected. Cnyes reported the net loss in dollar terms at $626 million, wider than the $290 million net loss (60 cents per share) recorded in the same quarter last year.
Cnyes also reported that CoreWeave's balance sheet carried $35 billion in liabilities as of quarter-end, which it attributed primarily to costs of purchasing NVIDIA (輝達) GPUs and other equipment.
According to Cnyes, CoreWeave guided Q3 2026 revenue to a range of $3.4–3.6 billion, equivalent to 158% year-over-year growth at the midpoint. For full-year 2026, the company raised its forecast: adjusted operating income of $960 million to $1.15 billion and revenue of $12.4–13.2 billion, both above the guidance it gave in May of $900 million–$1.1 billion in adjusted operating income and $12.0–13.0 billion in revenue. Full-year capex guidance was also raised, to $35–39 billion from the previous $31–35 billion.
The results moved CoreWeave's stock sharply in after-hours trading. CNA reported the stock "rose nearly 10%" after hours, while Cnyes reported a larger after-hours gain of 14.5% (a separate reference in the same Cnyes report cited 15%) as of its reporting deadline.
According to Cnyes, opposition to data center construction has been rising across the United States, exemplified by New York Governor Kathy Hochul signing an executive order in July that paused new large-scale data center construction in the state.
Asked about the regulatory pushback on the earnings call, CEO Mike Intrator told Cnyes: "When we talk to you about these numbers, we are measuring them based on the progress we're making, and on the guidance we're giving here. As of now, these numbers are not being affected by the regulatory pushback." He added that in some regions, unwillingness to even discuss data center projects was making the situation more difficult.
| Metric | Value | Comparison | Source |
|---|---|---|---|
| Revenue | $2.58 billion | +112% YoY; beat $2.56B consensus | CNA / Cnyes |
| Adjusted EPS | -$1.03 | better than -$1.20 consensus | CNA |
| Net loss | $626 million | vs. $290 million a year earlier | Cnyes |
| Capex | $9.4 billion | vs. $6.8B prior quarter; $2.9B a year earlier | CNA |
| Backlog | $104.2B (CNA) / $104.0B (Cnyes) | vs. $99.4B at end of Q1 | CNA / Cnyes |
| New commitments this quarter | >$25 billion | Meta +$21B, Anthropic multi-year deal, Jane Street $6B | CNA / Cnyes |
| Data centers | 8 added; 51 total | — | CNA |
| Active power capacity | 1.5 GW | target >1.85GW by year-end | Cnyes |
| Balance-sheet liabilities | $35 billion | mainly NVIDIA GPU purchases | Cnyes |
| Q3 2026 revenue guidance | $3.4–3.6 billion | +158% YoY at midpoint | Cnyes |
| FY2026 revenue guidance | $12.4–13.2 billion | raised from $12.0–13.0B (May) | Cnyes |
| FY2026 capex guidance | $35–39 billion | raised from $31–35B (May) | Cnyes |
| After-hours stock move | +10% (CNA) / +14.5% (Cnyes) | — | CNA / Cnyes |
The two reports on CoreWeave's quarter are consistent on direction but diverge slightly on specific figures — CNA's backlog number of $104.2 billion versus Cnyes's $104.0 billion, and CNA's after-hours stock gain of nearly 10% versus Cnyes's 14.5% — differences that likely reflect different snapshot times rather than conflicting underlying data. What both reports agree on is that growth and spending are rising together: capex more than tripled year-over-year to $9.4 billion even as the net loss widened to $626 million from $290 million, while the $104 billion-plus backlog and raised FY2026 guidance suggest management is betting that today's spending converts into tomorrow's contracted revenue. That bet is being made against a regulatory backdrop where New York's July moratorium on new large-scale data centers is one sign of rising local opposition — a factor CEO Mike Intrator said has not yet shown up in the company's numbers, even as he acknowledged some regions are becoming harder to operate in.
CoreWeave reported Q2 2026 revenue of $2.58 billion, up 112% year-over-year, beating the analyst consensus estimate of $2.56 billion, according to CNA and Cnyes.
CoreWeave's backlog stood at $104.2 billion per CNA (or $104.0 billion per Cnyes) as of June 30, up from $99.4 billion at the end of Q1, and does not yet include more than $25 billion in new customer commitments signed this quarter.
According to Cnyes, CoreWeave guided Q3 2026 revenue to $3.4–3.6 billion, implying 158% year-over-year growth at the midpoint.
CEO Mike Intrator said on the earnings call, per Cnyes, that current guidance figures are not being affected by regulatory pushback, though he noted some regions' unwillingness to discuss projects is making operations more difficult.
According to a report from money.udn.com, TSMC's board approved a Q2 2026 cash dividend of NT$7 per share, unchanged from the prior quarter, and for the first time will let foreign shareholders elect to receive payouts in US dollars under revised regulations, cnyes.com reported.
According to Technews and CNA, France's APIG press alliance — representing more than 300 outlets — filed a complaint on August 11 over Google's AI Overviews, launched in France in July 2026. APIG cites 70% traffic dependency on Google, a Pew Research Center finding that AI summaries cut click-through rates from 15% to 8%, and a Le Figaro executive's report of 20%-50%-plus traffic declines abroad, while asking regulators to help reset negotiating terms rather than shut the tool down.
According to Cnyes News, Supermicro (SMCI) will report fiscal Q4 2026 results after the U.S. market close on Tuesday, August 11. The company raised its own gross margin guidance to 15%-17%, up from a prior 8.2%-8.4% range, backed by more than $60 billion in new orders. Bloomberg consensus projects EPS of $1.33 and revenue of $11.2 billion, versus $0.41 and $5.7 billion a year earlier.