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FrontRow · Aug 12, 2026

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CoreWeave shares jumped 12% in extended trading after the AI infrastructure provider reported revenue than topped Wall Street expectations. Revenue climbed 112% during the quarter from a year earlier, CoreWeave said in a statement. Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago. The company's revenue backlog now stands at $104 billion, with 1.5 gigawatts of active power. The 8-year-old company has been racing cloud market leaders Amazon, Google and Microsoft to open data centers filled with chips that can run generative artificial intelligence models. Unlike them, CoreWeave isn't profitable. As of quarter end, it had $35 billion in debt on its balance sheet to cover the cost of Nvidia graphics processing units and other equipment.

CoreWeave shares jumped 12% in extended trading after the AI infrastructure provider reported revenue than topped Wall Street expectations. Revenue climbed 112% during the quarter from a year earlier, CoreWeave said in a statement. Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago. The company's revenue backlog now stands at $104 billion, with 1.5 gigawatts of active power. The 8-year-old company has been racing cloud market leaders Amazon, Google and Microsoft to open data centers filled with chips that can run generative artificial intelligence models. Unlike them, CoreWeave isn't profitable. As of quarter end, it had $35 billion in debt on its balance sheet to cover the cost of Nvidia graphics processing units and other equipment.

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