CoreWeave Raises 2026 Revenue Guidance as Backlog Hits $104 Billion

Key Facts

1CoreWeave raised its 2026 revenue guidance to $12.4–$13.2B with adjusted EBITDA margins at 59%.

2The company reported a $104.2B backlog amid ongoing hyperscaler demand exceeding supply.

CoreWeave raised its 2026 revenue guidance to a range of $12.4 billion to $13.2 billion, targeting adjusted EBITDA margins of 59%. Seeking Alpha reported that the company accumulated a $104.2 billion backlog as demand for AI compute from hyperscalers continues to outpace available supply.

CRWV closed at $87.59 on September 25, 2026, prior to the release of these optimistic projections highlighting the profitability of its AI infrastructure business. The strong second-quarter results were driven by efficient debt structuring against pre-sold capacity, though the outlook remains balanced against high capital expenditure and debt levels which reached $35.07 billion at quarter-end.