$CRWV earnings report drops and after it goes public it immediately blasts up 14%!
Q2 revenue hits $2.58 billion.
Orders pile up to a whopping $104.2 billion!
AI compute demand keeps accelerating.
This company really looks like it’s going to go all-in and become an AI cloud leader!
CoreWeave’s Q2 revenue more than doubled year over year to $2.58 billion, with adjusted EBITDA of about $1.5 billion and a profit margin nearing 59%. While the quarter still posted a net loss of $626 million, operating leverage is clearly improving, and adjusted operating profit has already reached $128 million.
What really sets it off is the order side: Revenue Backlog has surged to $104.2 billion, continuing to grow from Q1, and in the early days of Q3 the company already secured new customer commitments exceeding $25 billion. The company also raised its full-year revenue and profit targets, continues expanding investment in AI data centers, and has already moved into the Nasdaq 100—clearly, capital is starting to re-trade its AI compute growth story.
With $104.2 billion worth of orders sitting in the pipeline, this rally isn’t just about the earnings report.
$ETH $BTC #CoreWeave盘后涨14%
AI compute capacity is still in shortage, and the cards the CRWV bulls hold are still getting harder.
Click the card below—go straight for it!👇
Q2 revenue hits $2.58 billion.
Orders pile up to a whopping $104.2 billion!
AI compute demand keeps accelerating.
This company really looks like it’s going to go all-in and become an AI cloud leader!
CoreWeave’s Q2 revenue more than doubled year over year to $2.58 billion, with adjusted EBITDA of about $1.5 billion and a profit margin nearing 59%. While the quarter still posted a net loss of $626 million, operating leverage is clearly improving, and adjusted operating profit has already reached $128 million.
What really sets it off is the order side: Revenue Backlog has surged to $104.2 billion, continuing to grow from Q1, and in the early days of Q3 the company already secured new customer commitments exceeding $25 billion. The company also raised its full-year revenue and profit targets, continues expanding investment in AI data centers, and has already moved into the Nasdaq 100—clearly, capital is starting to re-trade its AI compute growth story.
With $104.2 billion worth of orders sitting in the pipeline, this rally isn’t just about the earnings report.
$ETH $BTC #CoreWeave盘后涨14%
AI compute capacity is still in shortage, and the cards the CRWV bulls hold are still getting harder.
Click the card below—go straight for it!👇
