The AI cloud infrastructure firm reports Q1 2026 revenue of $2.08 billion, doubling year-over-year, with full-year guidance at $12-$13 billion.
CoreWeave (NASDAQ:CRWV) posted trailing twelve-month revenue of $6.23 billion for the period ending March 2026, a 217.6% increase year-over-year. Q1 2026 revenue reached $2.08 billion, up 111.6% from $0.98 billion in Q1 2025.
The company, which pivoted from crypto to AI infrastructure, guided full-year 2026 revenue between $12 billion and $13 billion. Situational Awareness LP increased its stake in CoreWeave by 18% in Q1 2026, holding over 7.1 million shares.
CoreWeave is the fastest cloud infrastructure provider to cross major revenue milestones, driven by demand for AI computing power.