CoreWeave to report second quarter results amid spending, margin concerns

CoreWeave to report second quarter results amid spending, margin concerns

Daniel Howley · Technology Editor

Tue, August 11, 2026 at 4:59 PM GMT+3 2 min read

• CRWV +0.54%
• META +2.33%

AI cloud provider CoreWeave (CRWV) will report its second quarter earnings after the bell today as hyperscalers continue expanding their capital expenditures to meet AI computing demand.

CoreWeave stock has plunged more than 30% since it last reported results in May, amid concerns about revenue growth and its spending plans. Shares of the company were up more than 1% in early trading Tuesday.

For the second quarter, CoreWeave is expected to report adjusted loss per share of -$1.18, down 339% year over year. Revenue, however, is projected to climb 111% to $2.5 billion for the period, according to Bloomberg analyst consensus estimates.

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The company's operating margin is anticipated to decline 82% from the prior year to 2.86%.

CoreWeave is pouring billions into building data centers to host AI chips that companies like Meta (META) and Anthropic (ANTH.PVT) rent to power their own AI models and services.

Capital expenditures for the second quarter are estimated to top out at $7.9 billion. CoreWeave spent $2.4 billion in the same quarter last year.

Wall Street is anticipating the company's revenue backlog to increase 246% to $104.4 billion and for remaining performance obligations to grow 284% to $115.6 billion.

In a note to investors, BofA Global Research analyst Tal Liani wrote that the debate around CoreWeave centers on execution and said he'll be watching for more information about its data center activation, capital expenditures, and margin improvements through the end of the year.

But CoreWeave is also facing new competition in the form of SpaceX (SPCX), which has begun renting out computing capacity worth billions of dollars from its own data centers to Anthropic and Google (GOOG, GOOGL).

Meta is also considering entering the space, with CEO Mark Zuckerberg teasing the idea on prior investor calls and saying in an interview with Bloomberg that renting out capacity could make sense for the company.

Businesses around the world are eager to get their hands on as much compute as possible to power their various AI initiatives. And with chip and memory demand outstripping supply, organizations are willing to pay a premium to companies like Meta for access to a portion of its capacity.

And for a company that's looking to offset some of the billions it's spending on its AI build-out, leasing capacity could make sense.

That, however, could put pressure on CoreWeave down the line.

Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley.

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