CoreWeave is projected to report Q2 2026 revenue of $2.56 billion and an EPS loss of $1.67, with the stock trading near $90.07 against an average analyst price target of $136.59. The primary focus for investors is the company's massive revenue backlog (Remaining Performance Obligations), which is expected to reach $107 billion for the Q2 2026 analyst consensus.
This metric serves as a critical indicator of long-term demand visibility from hyperscale clients like Meta and Microsoft. Recent performance has been driven by triple-digit revenue growth and heavy infrastructure investment, including a raised FY2026 capital expenditure guidance of $31-$35 billion.