CoreWeave doubles revenue to $2.575 billion, backlog reaches $104 billion

CoreWeave announced its second-quarter financial results, revealing a revenue increase from $1.212 billion last year to $2.575 billion in 2026. The company expanded its active energy capacity by approximately 500 MW, with total contracted capacity reaching 3.7 GW. Despite the revenue growth, net losses amounted to $626 million, primarily due to significant investments and debt financing. The high demand for GPU infrastructure continues to support the company's growth trajectory, indicating ongoing investment interest in AI infrastructure development.