CoreWeave Q2 Revenue Tops Estimates at $2.58B, Stock Jumps 15%

CoreWeave reports Q2 revenue of $2.58B, beating the $2.56B forecast. EBITDA doubles to $1.51B with a 59% margin, while backlog expands to $104B.

Woofun AI data shows that CoreWeave reported second-quarter revenue of $2.58 billion, surpassing the market consensus of $2.56 billion. The company recorded operating income of $128 million and an operating margin of 5%, alongside EBITDA of $1.51 billion, which represents a 101% year-on-year increase and a 59% margin.

CoreWeave posted a net loss of $626 million, translating to a diluted loss per share of $1.14. Pending revenue backlog reached approximately $104 billion, rising from $99 billion and growing over 25% since the prior earnings release. This figure excludes more than $25 billion in new customer commitments initiated in the third quarter. Following the disclosure, the stock price increased by over 15% in after-hours trading.