CoreWeave Nears $100B Backlog as Q1 2026 Revenue Rockets
TL;DR Summary
CoreWeave posted Q1 2026 revenue of $2.08B (versus $0.98B a year earlier) with a net loss of $740M and adjusted EBITDA of $1.16B, while reporting a record $99.4B revenue backlog and more than 1 GW of active power contracted to over 3.5 GW. The quarter featured major wins with Meta (a $21B commitment) and Anthropic, plus a $2B NVIDIA investment and an $8.5B DDTL facility, underscoring rapid AI-infrastructure scale and expanded offerings such as Dedicated Inference and ARENATM.
Topics:business#ai-infrastructure#coreweave#nvidia-investment#q1-2026-earnings#revenue-backlog#technology
- CoreWeave Reports Strong First Quarter 2026 Results Business Wire
- CoreWeave stock sinks after forecast miss Yahoo Finance
- CoreWeave stock sinks 10% on weak revenue guidance, increased spending forecast CNBC
- CoreWeave’s Balancing Act The Information
- CoreWeave Says Component Cost Inflation Might Raise 2026 Capex WSJ
Reading Insights
Total Reads
0
Unique Readers
5
Time Saved
20 min
vs 21 min read
Condensed
98%
4,046 → 78 words
Want the full story? Read the original article
Read on Business Wire