CoreWeave Reports Record Q1 2026 Results with Strong Demand for AI Cloud

Summary

CoreWeave, Inc. reported record first quarter 2026 results with revenue of $2.1 billion, a significant increase from $982 million in Q1 2025. The company's revenue backlog reached nearly $100 billion, highlighting unprecedented demand for its AI cloud services. CoreWeave secured new agreements with major customers including Meta and Anthropic, and expanded its AI infrastructure to over 1 GW of active power. The company also strengthened its financial position with an $8.5 billion delayed draw term loan facility and a $2 billion investment from NVIDIA.