The neocloud provider said revenue more than doubled in the second quarter, while backlog rose 246% year-over-year to $104.2 billion.

Ahead of Q2 earnings, Shay Boloor warns CoreWeave and NeoClouds must prove if their revenue ramp can catch up to massive $100B AI backlogs.

CoreWeave projects Q2 2026 revenue of $2.55B to $2.56B, roughly doubling year over year as demand for AI GPU cloud infrastructure continues to