CRWV

CoreWeave

Data Centers Hyperscalers & CloudAI exposure: Core

Specialist GPU cloud renting NVIDIA capacity to AI labs.

Next earnings: CoreWeave has not announced its next earnings date. Its last earnings release was filed with the SEC on August 11, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead. Last earnings release on EDGAR

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.

Why CRWV is rated core

Core. CoreWeave is a GPU cloud and nothing else: revenue of $2.575 billion in Q2 2026 (up 112%), a backlog of about $104 billion, 1.5 GW of active power and $35-39 billion of 2026 capex are all AI compute. The concentration risk (67% of 2025 revenue from Microsoft) is a risk to the rating's durability, not to its accuracy.

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 TradingView

03What 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

Terms and pricing of the $3.0 billion convertible senior notes due 2033 announced September 17, 2026 (8-K item 7.01), and the dilution they imply if converted source
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 1.01,3.02,8.01,9.012026-09-22document folder
8-KCurrent report · items 7.01,8.01,9.012026-09-17document folder
10-QQuarterly report2026-08-12document folder
8-KEarnings release · items 2.02,9.012026-08-11document folder
8-KCurrent report · items 1.01,2.03,7.01,9.012026-08-10document folder
8-KCurrent report · items 1.01,2.03,9.012026-06-18document folder
8-KCurrent report · items 7.012026-06-11document folder
8-KCurrent report · items 5.072026-06-10document folder
8-KCurrent report · items 1.01,2.03,7.01,9.012026-05-18document folder
10-QQuarterly report2026-05-08document folder
8-KEarnings release · items 2.02,9.012026-05-07document folder
DEF 14AProxy statement2026-04-22document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
Baker Jeff Principal Accounting Officer	Option exercise · acquired	12,500	—	2026-10-30
Baker Jeff Principal Accounting Officer	Open-market sale · disposed	6,670	$61.16	2026-10-30
WHITMAN MARGARET C Director	Grant / award · acquired	122	—	2026-10-22
HUTCHINS GLENN H Director	Grant / award · acquired	320	—	2026-10-22
Agrawal Nitin Chief Financial Officer	Open-market sale · disposed	22,579	$80.13	2026-10-14
Jones Jonathan Chief Revenue Officer	Option exercise · acquired	42,772	—	2026-10-14
Jones Jonathan Chief Revenue Officer	Open-market sale · disposed	37,380	$78.67	2026-10-14
Boone Karen Director	Option exercise · acquired	1,460	—	2026-10-08

News

CRWV in plain answers

The questions readers ask about CoreWeave, answered from the company's own filings and this site's research. Each answer names its source.

What does CoreWeave (CRWV) supply to AI?+

Operates a cloud built specifically for GPU workloads. Rents large GPU clusters to AI developers and hyperscalers under multi-year contracts.

How much does AI matter to CoreWeave's business?+

AI exposure is rated core on this site: AI demand is the main driver of the business today. Reported by the company: Revenue $2,575 million, up 112% year over year from $1,212 million; adjusted operating income $128 million (5% margin). Revenue backlog approximately $104 billion as of June 30, 2026, with more than $25 billion of net new customer commitments added in early Q3.

Company filing or release

When is CoreWeave's next earnings date?+

CoreWeave has not announced its next earnings date. Its last earnings release was filed with the SEC on August 11, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead.

Last earnings release on EDGAR

Are CoreWeave insiders buying or selling CRWV stock?+

In the latest Form 4 filings for CRWV there are 3 open-market sales, 5 other transactions (grants, option exercises, tax withholding); the most recent was filed on October 30, 2026 by Baker Jeff. Every transaction links to the filing on SEC EDGAR below.

Most recent Form 4

What should investors watch for CRWV?+

Terms and pricing of the $3.0 billion convertible senior notes due 2033 announced September 17, 2026 (8-K item 7.01), and the dilution they imply if converted 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 Growth in active power beyond 1.5 GW toward the ~3.7 GW contracted

Source

What are the main risks for CoreWeave?+

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 Reliance on a limited number of suppliers for key components (GPUs) exposes CoreWeave to mismatches between component availability and its contractual obligations Inability to access sufficient power on acceptable terms for data centers could adversely affect operations, financial condition and prospects

Annual report, Item 1A

Which AI category is CRWV in?+

CoreWeave is listed under Data Centers and Hyperscalers & Cloud (primary: Data Centers). Specialist GPU cloud renting NVIDIA capacity to AI labs.

Related companies in Data Centers

Also tagged: Hyperscalers & Cloud

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.