CoreWeave Surges 18% in pre-market After a ‘Cleaner Quarter’

Image source: Wikimedia Commons, Lummi

AI cloud giant CoreWeave was up in pre-market trading on Wednesday after reporting that its second-quarter revenue doubled, driven by surging demand from hyperscalers for AI compute capacity.

The company, which rents out high-powered computing capacity needed to run and build AI, reported after the bell Tuesday that its second-quarter revenue came in at $2.6 billion, up 112% from $1.2 billion in the second quarter of 2025.

It’s guiding for third-quarter revenue of between $3.4 billion and $3.6 billion.

But the company is still not profitable. Operating expenses for the quarter also more than doubled year-on-year and marginally exceeded revenue, per the results.

CoreWeave was last seen up 18% in pre-market trading. At Tuesday’s close, it was up 26% since the start of the year.

Its revenue backlog for the quarter stands at $104 billion as of June 30, which doesn’t include $25 billion in new customer commitments for the third quarter.

“CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage,” CoreWeave’s CEO Michael Intrator said in the release. “Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform.”

Intrator is appearing on CNBC’s “Squawk on the Street” at 9 am ET on Wednesday. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) BOXL: Boxlight Corporation
Total gain: +52.90%

2) HYLN: Hyliion Holdings Corp.
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3) DFTX: Definium Therapeutics, Inc.
Total gain: +19.43%

4) CRWV: CoreWeave, Inc.
Total gain: +18.58%

5) VELO: Velo3D, Inc.
Total gain: +16.87%

The closing price of the top three market percent gainers trading near or above $3 on August 11.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.

1) WXM: WF International Limited
Total gain: +97.50%
The stock appeared to be moving on no notable news.

2) QMCO: Quantum Corporation
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The company announced financial results for its fiscal first quarter of 2027 ended June 30, 2026. Businesswire reports.

3) AIFA: All In FutureTech Alliance Inc.
Total gain: +50.71%
The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

NBIS: Nebius Group N V - Class A Ordinary Shares
Q2 2026
Before Market Open
Estimate: -0.820
Actual: N/A

BGSI: Boyd Group Services
Q2 2026
Before Market Open
Estimate: 0.910
Actual: N/A

BBGI: Beasley Broadcast Group
Q2 2026
After Market Close
Estimate: -1.320
Actual: N/A

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