CoreWeave reported $2.58 billion in Q2 revenue, beating estimates, and raised its full-year outlook, prompting analyst upgrades.
CoreWeave (CRWV) surpassed Wall Street expectations in Q2 2026, posting $2.58 billion in revenue, up from the $2.56 billion forecast, while narrowing its adjusted loss to $1.41 per share. The company also raised its full-year guidance, citing strong demand for AI infrastructure.
Analysts had anticipated another quarter of heavy capital expenditures and losses, but CoreWeave delivered 112% year-over-year sales growth. The stock surged nearly 14% after hours on August 11, 2026, and gained another 19% the following day, closing at $90.32 before earnings.
Bank of America maintained its ‘Buy’ rating and $140 price target, implying 30% upside from current levels. The firm cited CoreWeave’s growth trajectory and AI market leadership as key drivers for the bullish outlook.