started · updated
CoreWeave and Coherent report strong growth driven by AI infrastructure demand
CoreWeave, a leading neocloud provider, reported second-quarter results that exceeded analyst expectations. The company's revenue reached $2.58 billion, representing a 112% increase year over year. Despite a widening per-share loss of $1.14 due to heavy infrastructure investment, the company's revenue backlog grew 246% year over year to approximately $104 billion. Consequently, CoreWeave raised its full-year 2026 revenue guidance to a range of $12.4 billion to $13.2 billion and increased its capital expenditure forecast to between $35 billion and $39 billion.
In the semiconductor sector, Coherent reported fourth-quarter earnings that beat estimates, driven by strong demand for data center and communications products. The company's data center segment revenue rose to $1.62 billion. Coherent also provided an optimistic first-quarter revenue forecast between $2.2 billion and $2.4 billion. This growth follows a $2 billion investment commitment from Nvidia to support Coherent's R&D and manufacturing capacity.
Additionally, Cerebras Systems raised its annual revenue and gross margin forecasts, citing robust demand for its AI chips as companies expand data center capacity to support AI services.
Entities
Anthropic · BlackRock · Cerebras Systems · Citadel · Coherent · CoreWeave · Corning · DeepSeek · Endeavor Data Unit · Gartner · Google · Jensen Huang
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The company aims to increase its active power capacity to over 1.85 gigawatts by the end of the year. siliconangle.com · ukinvestormagazine.co.uk
- [● 11 SOURCES] CoreWeave secured over $25 billion in new customer commitments during the third quarter. dev.tnonline.com.br · www.marketbeat.com · wkzo.com · siliconangle.com · ubirataonline.com.br · +4 more
- [● 9 SOURCES] The company reported a net loss of $626 million for the second quarter. cashcow.nl · dev.tnonline.com.br · www.marketbeat.com · siliconangle.com · dnyuz.com · +1 more
- [● 13 SOURCES] CoreWeave shares rose between 8% and 15% in after-hours trading following the earnings report. ubirataonline.com.br · dev.tnonline.com.br · siliconangle.com · cashcow.nl · www.borse.it · +2 more
- [● 15 SOURCES] The company's revenue backlog reached $104 billion at the end of the second quarter. cashcow.nl · www.marketbeat.com · wkzo.com · siliconangle.com · capacityglobal.com · +8 more
- [● 4 SOURCES] Adjusted EBITDA increased to $1.51 billion from $753 million in the previous year. cashcow.nl · www.marketbeat.com · ukinvestormagazine.co.uk
- [● 19 SOURCES] CoreWeave reported $2.58 billion in revenue for the second quarter of 2026. cashcow.nl · ubirataonline.com.br · www.indiavision.com · dev.tnonline.com.br · www.marketbeat.com · +7 more
- [● 9 SOURCES] CoreWeave's second-quarter revenue of $2.58 billion exceeded analyst expectations. cashcow.nl · ubirataonline.com.br · wkzo.com · siliconangle.com · ciente.io
- [○ 1 SOURCE] CoreWeave closed a $2.6 billion delayed draw term loan facility to support its AI cloud platform expansion. legaldesire.com
- [○ 1 SOURCE] CoreWeave reported total debt of $35 billion as of June 30, 2026. capacityglobal.com
- [○ 1 SOURCE] Citadel's AI agent reproduced eight weeks of PhD-level finance research in approximately two to three hours.
- [● 2 SOURCES] Investors anticipate Anthropic could reach a valuation of $2 trillion or more ahead of a potential 2026 IPO. nosmokesport.com · financiarul.ro