CRWV
CoreWeaveSpecialist GPU cloud renting NVIDIA capacity to AI labs.
Alerts for CRWV
01What does it supply?
Products, customers, and where it sits in the AI stack.
What the company does
Operates a cloud built specifically for GPU workloads.
Its role in AI
Rents large GPU clusters to AI developers and hyperscalers under multi-year contracts.
02How much does AI matter to its business?
Core. AI demand is the main driver of the business today.
Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.
Reported by the company
- Revenue $2,575 million, up 112% year over year from $1,212 million; adjusted operating income $128 million (5% margin).Source · Q2 2026, quarter ended June 30, 2026
- Revenue backlog approximately $104 billion as of June 30, 2026, with more than $25 billion of net new customer commitments added in early Q3.Source · Q2 2026, quarter ended June 30, 2026
- Active power expanded by nearly 500 MW to 1.5 GW; total contracted power approximately 3.7 GW; purchases of property and equipment including capitalized software $6,422 million in the quarter.Source · Q2 2026, quarter ended June 30, 2026
- FY2026 guidance: revenue $12.4-$13.2 billion, adjusted operating income $960-$1,150 million, capital expenditures $35-$39 billion, exiting 2026 ARR $18.5-$19.5 billion; Q3 2026 adjusted operating income $200-$260 million.Source · Guidance issued August 11, 2026
Estimates
No third-party or editorial estimates are listed for CRWV. Only company-reported figures are shown at present.
Key financial metrics, by reporting period
Company-reported, via TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
Next earnings
No announced date on file. Check the investor relations page.
Last earnings release: 2026-08-11 (8-K)
Watch list
- Delivery against FY2026 guidance of $12.4-$13.2 billion revenue and $35-$39 billion capex, and Q3 adjusted operating income of $200-$260 million source
- Growth in active power beyond 1.5 GW toward the ~3.7 GW contracted source
- Recognition of the ~$104 billion backlog plus the $25 billion of early-Q3 commitments, and any reduction in the 67% Microsoft concentration reported for 2025 source
Growth drivers
- CEO: 'Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform... AI is foundational to every industry' source
- New enterprise wins (Bentley Systems, Caterpillar, Grammarly, Isomorphic Labs, Sunday Robotics) and expanded relationships with Cognition, Databricks, Hudson River Trading, Periodic Labs, Rescale and Runway ML source
- 10-K: growth depends on the ability to operate and expand cloud infrastructure and deploy new GPU generations first, and to retain and expand existing customers while attracting new ones source
Risks
- Loss of or a significant reduction in spending by one or a few top customers would adversely affect the business; Microsoft accounted for 67% of 2025 revenue source
- Reliance on a limited number of suppliers for key components (GPUs) exposes CoreWeave to mismatches between component availability and its contractual obligations source
- Inability to access sufficient power on acceptable terms for data centers could adversely affect operations, financial condition and prospects source
Recent developments: SEC filings
Source: SEC EDGAR · refreshed every 15 min- 8-KCurrent report · items 7.01,8.01,9.012026-09-17documentfolder
- 10-QQuarterly report2026-08-12documentfolder
- 8-KEarnings release · items 2.02,9.012026-08-11documentfolder
- 8-KCurrent report · items 1.01,2.03,7.01,9.012026-08-10documentfolder
- 8-KCurrent report · items 1.01,2.03,9.012026-06-18documentfolder
- 8-KCurrent report · items 7.012026-06-11documentfolder
- 8-KCurrent report · items 5.072026-06-10documentfolder
- 8-KCurrent report · items 1.01,2.03,7.01,9.012026-05-18documentfolder
- 10-QQuarterly report2026-05-08documentfolder
- 8-KEarnings release · items 2.02,9.012026-05-07documentfolder
- DEF 14AProxy statement2026-04-22documentfolder
- 8-KCurrent report · items 1.01,2.03,8.01,9.012026-04-21documentfolder
Insider trades
Form 4, last 6 filings| Insider | Transaction | Shares | Avg price | Filed |
|---|---|---|---|---|
WHITMAN MARGARET C Director | Option exercise · acquired | 1,200 | — | 2026-09-16 |
Agrawal Nitin Chief Financial Officer | Option exercise · acquired | 122,340 | — | 2026-09-15 |
Agrawal Nitin Chief Financial Officer | Open-market sale · disposed | 66,576 | $83.70 | 2026-09-15 |
McVeety Kristen J GC and Secretary | Option exercise · acquired | 97,500 | $0.55 | 2026-09-10 |
McVeety Kristen J GC and Secretary | Open-market sale · disposed | 97,500 | $93.94 | 2026-09-10 |
Intrator Michael N Director, CEO and President, 10% owner | Open-market sale · disposed | 307,692 | $100.08 | 2026-09-10 |
Intrator Michael N Director, CEO and President, 10% owner | Option exercise · acquired | 107,692 | — | 2026-09-10 |
Goldberg Chen EVP, Product & Engineering | Open-market sale · disposed | 22,424 | $95.91 | 2026-09-10 |
McVeety Kristen J GC and Secretary | Option exercise · acquired | 156,000 | $0.55 | 2026-09-03 |
McVeety Kristen J GC and Secretary | Open-market sale · disposed | 156,000 | $81.63 | 2026-09-03 |
News
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Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0001769628)
- TradingView symbol page — full chart and data
Research note — No Q3 2026 earnings date announcement found on investors.coreweave.com as of 2026-09-17 (IR news and events pages load dynamically). Capex figures differ by definition: cash purchases of property and equipment were $6,422 million in the release, while the earnings presentation cites $9.4 billion of capital expenditures for Q2 2026; the outlook deck gave no Q3 revenue or capex range.