CoreWeave Doubles Revenue, Takes Backlog to $104 Billion and Signals Capex of Up to $39 Billion by 2026

CoreWeave reported $2.58 billion in revenue for Q2 2026 (+112% year-over-year), a backlog of $104 billion, and revised capex to up to $39 billion. CEO Michael Intrator referred to it as a 'turning point.'