Today’s Top Stories: CoreWeave, Super Micro, Nebius and Lumentum Surge on AI Demand

TLDR

• CoreWeave’s backlog hit $104.2 billion after strong Q2 results and a raised full-year outlook
• Super Micro forecast fiscal 2027 revenue of $65 billion to $72 billion, well above expectations
• Nebius reported $582 million in quarterly revenue with over $40 billion in customer commitments
• Lumentum revenue more than doubled year over year to $1.01 billion on AI networking demand
• U.S. inflation eased to 3.4% in July, reducing pressure on the Federal Reserve to hike rates

CoreWeave: Backlog Tops $100 Billion

CoreWeave posted second-quarter revenue of $2.58 billion and raised its full-year outlook.

Its backlog climbed to $104.2 billion, up from $99.4 billion the prior quarter. The company also secured more than $25 billion in new customer commitments during the period.

Capital expenditure guidance for 2026 was raised to between $35 billion and $39 billion, reflecting strong ongoing demand for Nvidia-powered AI cloud computing.

Super Micro: $65 Billion Revenue Target

Super Micro Computer issued a bullish outlook for fiscal 2027, forecasting revenue of $65 billion to $72 billion.

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