CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
CoreWeave reported a strong second quarter with $2.58 billion in revenue, signaling robust demand for AI infrastructure that is currently outpacing the crypto sector. The company raised its future revenue guidance and noted that new contracts are commanding higher margins due to limited market capacity.
The AI infrastructure provider said second-quarter revenue more than doubled to $2.58 billion , narrowly beating expectations, while its net loss of $626 million was smaller than analysts projected. The company forecast third-quarter sales of $3.45 billion to $3.6 billion and increased its 2026 revenue guidance to between $12.4 billion and $13.2 billion.
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