CoreWeave reports Q2 revenue up 112% YoY to $2.58B, vs. $2.56B est., and a $104B revenue backlog, with 1.5 GW of contracted power; CRWV jumps 9%+ after hours (Jordan Novet/CNBC)
CoreWeave’s booked demand is now far larger than its quarterly run rate.
The AI infrastructure provider reported $2.58 billion in Q2 revenue, just ahead of estimates, with sales more than doubling from a year earlier. Its backlog reached $104 billion, excluding another $25 billion in customer commitments added early in Q3. Active power rose by nearly 500 MW to about 1.5 GW, while total contracted power was listed around 3.7 GW. CoreWeave shares jumped after hours on the report. Techmeme's note
The AI infrastructure provider reported $2.58 billion in Q2 revenue, just ahead of estimates, with sales more than doubling from a year earlier. Its backlog reached $104 billion, excluding another $25 billion in customer commitments added early in Q3. Active power rose by nearly 500 MW to about 1.5 GW, while total contracted power was listed around 3.7 GW. CoreWeave shares jumped after hours on the report. Techmeme's note
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