Why CoreWeave matters
CoreWeave reported second-quarter 2026 revenue of $2.6 billion on August 11, 2026, up 112% year over year, with a revenue backlog of $104.2 billion. It raised full-year 2026 revenue guidance to $12.4 billion to $13.2 billion. Through Weights & Biases, acquired in 2025, it launched ARIA, an agent that analyzes experiment data, and says booked ARR for managed inference grew from $1 million to more than $100 million within months of launch.
The numberRevenue backlog reached $104.2B at the end of Q2 2026, up 246% year over year
On The All Things AI 100
Listed under Chips, compute, and AI clouds. The silicon and the data centers everything else runs on.
Quick answers
- What does CoreWeave do?
- GPU cloud provider renting Nvidia capacity to AI labs and enterprises; owns Weights & Biases. CoreWeave reported second-quarter 2026 revenue of $2.6 billion on August 11, 2026, up 112% year over year, with a revenue backlog of $104.2 billion.
- What AI capabilities does CoreWeave offer?
- CoreWeave provides Nvidia GPU cloud capacity for training and serving AI models, with Kubernetes clusters and related managed services for enterprise workloads. Through Weights & Biases, customers get experiment tracking, evaluation, and model and prompt management, plus ARIA, an agent that supports research and iteration. Business users run training and inference jobs and monitor model work on that infrastructure.
- Why is CoreWeave on The All Things AI 100?
- CoreWeave is listed under Chips, compute, and AI clouds. The silicon and the data centers everything else runs on. Revenue backlog reached $104.2B at the end of Q2 2026, up 246% year over year.
- Where is CoreWeave based, and who owns it?
- CoreWeave is based in Livingston, NJ, was founded in 2017 and is public (NASDAQ: CRWV).