Coreweave

Q2 FY2026 EarningsQ2 FY26 results beat revenue and gross margin consensus, while GAAP EPS missed expectations due to elevated interest expenses and depreciation. Revenue of $2,575M exceeded the $2,559M consensus, driven by 112% YoY growth from existing AI customer expansions. Gross margin of 65.86% slightly missed the 67.06% target as data center deployment costs ramped up. Despite a top-line beat, GAAP net loss of $626M was impacted by a 140% surge in interest expense and high capital intensity required for infrastructure scaling.