By Thomas Richmond
Publication Date: 2026-08-12 17:43:00
Quick Read
CRWV posted $2.575B in Q2 2026 revenue, up 112% year over year, and added $25B in new contracts in just five post-quarter weeks.
Intrator settled the GPU obsolescence debate by contracting 2020-vintage chips at full freight through 2029, proving older silicon still commands premium pricing.
CoreWeave expects operating margins to snap back to the low teens by Q4, despite $39B in annual capex and negative $5.74B in Q2 free cash flow.
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CoreWeave (NASDAQ:CRWV) CEO Mike Intrator explained on a CNBC Squawk on the Street interview on Wednesday, August 12, that the AI infrastructure market is sending a powerful message about demand: even older NVIDIA GPUs that investors feared would rapidly depreciate are being contracted years into the future at full pricing.
CoreWeave reported Q2 2026 revenue of $2.575 billion, up 112.32% year over year, with an adjusted EBITDA of $1.51 billion at a 59% margin and a revenue backlog of approximately $104 billion as of June 30, 2026.
CoreWeave Added a Year’s Worth of Backlog in Five Weeks
CoreWeave’s CEO discussed the pipeline that had developed since Q2 ended. “Since Q2 closed, in the first five weeks, we contracted an additional more than…
