Overview
- CoreWeave reported $2.58 billion in Q2 revenue and on Aug. 11 raised full‑year 2026 revenue guidance to $12.4 billion–$13.2 billion while expanding its contracted backlog to about $104.2 billion.
- Management disclosed very large FY2026 capital plans of $35 billion–$39 billion, a pace that will require ongoing access to financing because the company carries tens of billions in debt and hefty quarterly interest costs.
- The company added roughly 500 megawatts of active power to reach about 1.5 gigawatts active and reported 3.7 gigawatts of contracted power, signaling fast capacity buildout but creating execution pressure to convert backlog into billed revenue.
- An insider SEC Form 4 showed CDO Brannin McBee exercised and sold 197,000 shares on Aug. 10 while retaining large residual holdings, a move noted by coverage as a governance and signaling detail.
- Market response has been mixed: some analysts upgraded targets on signs of improving operating leverage and higher contribution margins, while investors punished the stock when rising yields highlighted the company’s sensitivity to financing costs and cash burn.