CoreWeave is trading 18% up in pre-market at $106.60 after beating Q2 revenue expectations and narrowing its loss per share.

  • Q2 revenue was $2.58 billion, above the $2.56 billion consensus estimate; loss per share was $1.14, narrower than expected.
  • Management raised full-year 2026 revenue guidance to $12.4 billion-$13.2 billion, while revenue backlog reached $104 billion.
  • The earnings beat and outlook are driving the pre-market reaction despite higher capital-spending demands.