TECHNOLOGYFORTUNE
CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion
Neocloud provider CoreWeave reported revenue of $2.58 billion in the second quarter, more than doubling and topping analyst estimates due to high demand for AI infrastructure. The company's revenue backlog swelled 246% year-over-year to $104.2 billion, and the stock surged following the earnings call. CEO Michael Intrator stated that CoreWeave’s near-term capacity remains effectively sold out.
Mentioned
Related Signal
Adjacent reporting
- CoreWeave revenue more than doubles in first quarter, topping estimates
- CoreWeave reports ‘unprecedented’ $100 billion backlog — but that comes at a cost
- CoreWeave’s Forecast Is Key to Stopping Another Earnings Selloff
- CoreWeave’s Stunning Rally Creates Prove-It Moment for Earnings
- CoreWeave-Tied Data Center Raises $900 Million in Junk-Bond Sale
- CoreWeave Junk Bonds Slide Further as Investors Question AI Boom