CoreWeave 2분기 실적: 역대 최고 매출 및 1,040억 달러 미집행 잔고

CoreWeave, an artificial intelligence neocloud provider, reported second-quarter revenue of $2.6 billion, up 112% from $1.2 billion in the same quarter of 2025. The company, which rents high-powered computing capacity for running and building AI systems, guides for third-quarter revenue between $3.4 billion and $3.6 billion.

The revenue backlog stands at $104 billion as of June 30, excluding $25 billion in new customer commitments for the third quarter. CEO Michael Intrator told CNBC's "Squawk on the Street" that the scale of new commitments underscores demand strength: "To put that in perspective, like $25 billion is virtually the size of our backlog a year ago, and so it gives you an idea of how much demand there is for our product and how much it's growing."

Despite strong revenue growth, CoreWeave remains unprofitable. Operating expenses more than doubled year-on-year to $2.6 billion, marginally exceeding revenue and resulting in an operating loss of $49 million compared with operating income of $19 million in the prior-year quarter. The company forecasts full-year revenue of $12.4 billion to $13.2 billion and adjusted operating income of $960 million to $1.15 billion.

The company's second-quarter wins include Bentley Systems, Grammarly, Isomorphic Labs, and Sunday Robotics. It deepened partnerships with Jane Street through $1 billion in strategic investments, while Meta committed an additional $21 billion with CoreWeave during the quarter.

CoreWeave's stock rose 19.9% in premarket trading following the earnings announcement and has gained 26% since the start of 2026.

The broader neocloud sector, specializing in GPU infrastructure for AI, is experiencing significant momentum. Nasdaq-listed Nebius, headquartered in Amsterdam, surged 34% on Wednesday after reporting 514% revenue growth to $575 million, with the total value of contracts won quadrupling. The stock has risen more than 150% over the past twelve months. U.K.-based Nscale, targeting an IPO this year, has raised billions in equity, debt, and project financing during 2026.

AI-related stocks also benefited from broader positive developments. Taiwan's Foxconn (Hon Hai), the world's largest contract electronics manufacturer assembling Apple iPhones and producing data center servers, reported better-than-expected profit growth. Supermicro, which manufactures data center hardware, saw shares surge 19% after reporting more than $60 billion in new orders over the past year in its fourth-quarter earnings.

Citi analysts noted that CoreWeave "delivered a confident message" in the second quarter, demonstrating robust AI demand, stronger pricing power, growing software and tokens business demand, and better-than-expected margins. They called it "one of the cleaner quarters" for CoreWeave since its public debut last year, stating: "We think shares should move meaningfully higher on increased investor confidence in the execution and improving profitability." The analysts cited upward revisions to profitability guidance and positive updates on execution and customer and revenue diversification as positive indicators for demand across the hyperscaler and neocloud space. Intrator characterized the quarter as reaching "an important inflection point."