CoreWeave is projecting second-quarter 2026 revenue of approximately $2.55 billion to $2.56 billion, roughly doubling what the company pulled in during the same period last year. The expected figures fall within CoreWeave’s prior guidance range of $2.45 billion to $2.60 billion, landing comfortably toward the upper half. The company plans to discuss its financial results during an earnings conference call scheduled for August 11 at 5:00 PM ET.
From crypto mining to AI powerhouse
Founded in 2017 under the name Atlantic Crypto, the company originally operated in the cryptocurrency mining space. Now headquartered in Livingston, New Jersey, and trading on the Nasdaq under the ticker CRWV, CoreWeave has positioned itself as an AI-native cloud platform built specifically for large-scale generative AI workloads. The company landed on TIME’s list of the 100 most influential companies, a nod to its growing role in the AI supply chain.
Expanding footprint, deepening partnerships
CoreWeave has been expanding its data center presence across the United States and Europe, with recent moves into the Asia-Pacific region adding another geographic layer to its operations.
On the partnership front, CoreWeave signed a multi-year storage deal with Solidigm. The company also has a collaboration with Leidos focused on AI workloads for defense and national security applications.
What the numbers tell us about the AI compute market
CoreWeave’s platform is optimized for both training and inference of large AI models. The company’s guidance range of $2.45 billion to $2.60 billion for the quarter suggests management has reasonable confidence in its revenue visibility, likely thanks to the long-term contract structures that are common in cloud infrastructure deals.