CoreWeave reports 112% year-over-year revenue growth in Q1 2026, driven by demand for AI GPU infrastructure.
CoreWeave (NASDAQ: CRWV), a cloud provider specializing in AI GPU data centers, posted $2.1 billion in Q1 2026 revenue, up 112% year-over-year. The company, which went public on March 28, 2025, at $40 per share, now trades near $110 after peaking at $183.58 in June 2025.
The firm operates 43 data centers with over 250,000 Nvidia GPUs and forecasts $12 billion to $13 billion in 2026 revenue. CoreWeave’s backlog stands at $99.4 billion, though its $35.1 billion debt load remains a key risk amid high infrastructure costs.
Shares remain volatile but reflect strong demand for AI computing power, positioning CoreWeave as a key player in the sector’s expansion.