CoreWeave (CRWV) Stock Jumps 15% as Q2 Earnings Beat Wall Street on Revenue and Losses
TLDR
- CoreWeave posted Q2 revenue of $2.58 billion, up 112% year-over-year, beating Wall Street estimates
- Loss per share came in at -$1.14, better than the expected -$1.41
- Adjusted operating income hit $128 million, nearly double the consensus estimate of $66 million
- Revenue backlog grew to $130 billion, up from $99 billion at the end of March
- CRWV stock jumped more than 15% in after-hours trading following the results
CoreWeave (CRWV) stock surged more than 15% in after-hours trading Tuesday after the AI cloud provider reported Q2 results that beat analyst expectations on both the top and bottom lines.
CoreWeave, Inc. Class A Common Stock, CRWV
The stock had closed up 2.4% during regular hours, at $90.32, before the earnings release sent it to around $103.98 overnight.
Revenue for the quarter came in at $2.58 billion, edging past the $2.56 billion consensus estimate and marking 112% growth compared to the same period last year.
COREWEAVE $CRWV Q2โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $2.6B (Est. $2.56B) ๐ข
๐น Adj. EPS: -$1.14 (Est. -$1.20) ๐ข
๐น Adj. EBITDA: $1.5B (Est. $1.43B) ๐ข
๐น Revenue Backlog: ~$104Bโฆ Continue reading the full article at the original source below.
