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May 7, 2026 4:40 PM

CoreWeave Reports 'Strongest' Bookings In Company History, Shares Move Higher After Q1 Earnings

CoreWeave Inc (NASDAQ:CRWV) reported first-quarter financial results after the market close on Thursday. Here’s a rundown of the report.

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CoreWeave Q1 Highlights

CoreWeave reported first-quarter revenue of $2.08 billion, beating analyst estimates of $1.97 billion, according to Benzinga Pro. Total revenue was up approximately 91% on a year-over-year basis. The company said it ended the quarter with a revenue backlog of $99.4 billion.

“This was the strongest bookings quarter in CoreWeave’s history, with revenue backlog reaching nearly $100 billion. We surpassed 1 GW of active power and believe we are well on our way ...