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CoreWeave Reports Strong First Quarter 2026 Results

$CRWVPress releaseMay 7, 2026, 4:07 PM ETRead the release

CoreWeave reported record Q1 revenue of $2.08 billion, more than doubling year-over-year, while revenue backlog approached $100 billion. The company secured a massive new $21 billion commitment from Meta and closed a $2 billion strategic investment from NVIDIA.

Key figures

Revenue
2078000000
Guidance
Guidance to be provided on conference call
Revenue Yoy
111.5%
Debt facility
8500000000
Active power gw
1
Adjusted ebitda
1157000000
Meta commitment
21000000000
Revenue backlog
99400000000
Nvidia investment
2000000000
Adjusted ebitda margin
56%

AI analysis

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