CoreWeave Inc (NASDAQ:CRWV) stock is trading slightly lower Wednesday morning following a 25% gain over the past month driven by strong second-quarter earnings. Here’s what investors need to know.
CoreWeave shares are consolidating. What’s ahead for CRWV stock?
Q2 Revenue Surges 112% as Power Capacity and Revenue Backlog Expand
The recent, volatile trading activity follows CoreWeave’s second-quarter 2026 earnings report on Aug. 11, where the company posted record revenue of $2.58 billion, a 112.5% year-over-year increase, and beat consensus estimates with an adjusted loss per share of $1.03.
Revenue backlog surged to approximately $104 billion as of June 30, with management noting that over $25 billion in net new customer commitments were added in the early weeks of the third-quarter alone. The company also expanded its active power footprint to 1.5 gigawatts.
