CoreWeave
GPU compute for training and running AI models.
Overview
CoreWeave, founded in 2017, rents GPU capacity to AI labs and large companies, mostly under multi-year contracts. By revenue it is the largest of the providers often called neoclouds on this list.
Revenue for the second quarter of 2026 was $2.58 billion, up 112% from a year earlier. The company reported a $104 billion backlog of signed orders and guided to between $3.4 billion and $3.6 billion for the third quarter. Third-quarter results were not available for this edition.
Reported figures
| Rank on this site | 6 of 10 |
|---|---|
| Cloud revenue, latest quarter | $2.58 billion SiliconANGLE |
| Growth from a year earlier | +112% SiliconANGLE |
| Quarter | Q2 2026 |
| Reported line used | Total revenue |
| Revenue backlog | $104 billion SiliconANGLE |
| Company guidance for Q3 2026 revenue | $3.4 billion to $3.6 billion SiliconANGLE |
| Parent company | CoreWeave, Inc. |
| Stock listing | NASDAQ: CRWV |
| Founded | 2017 |
Where it sits in the ranking
CoreWeave is number 6 of 10 in the ranking by cloud revenue. CoreWeave sells cloud capacity only, so total revenue is the cloud figure. The company above it is Alibaba Cloud with $7.14 billion. The company below it is Cloudflare with $782.5 million.
What it sells
- GPU clusters by the hour or under contract
- Managed Kubernetes for AI workloads
- Storage and networking for training jobs
Official site: coreweave.com. Background: Wikipedia.
Sources
- SiliconANGLE. CoreWeave coasts to solid earnings beat, sending stock higher after hours. August 11, 2026.