Infrastructure · 12 Aug 2026 · High confidence
CoreWeave already has $104 billion of work booked
Q2 2026 revenue was $2.575 billion, up 112% year over year. The backlog is $104.2 billion. Demand is contracted years ahead.
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How to read this
Q2 release, 11 Aug 2026. Q4 $1.572B and Q1 $2.078B are reported. Backlog ~$104B as of 30 Jun excludes >$25B booked in early Q3. Active 1.5 GW; contracted ~3.7 GW. GAAP net loss $626M; adj. EBITDA 59%. FY26 revenue guide raised to $12.4–13.2B.
Sources
CoreWeave Q2 2026 earnings · WSJ