CoreWeave reported Q2 2026 revenue of approximately $2,58 billion, marking a 112% year-over-year increase. The company holds $104 billion in contracted future revenue as of June 30, with an additional $25 billion in commitments secured in early Q3.
Nebius reported Q2 2026 revenue between $575 million and $582 million, a growth of over 450% compared to the previous year. Its AI cloud segment grew by more than 500%, and the company expects an annualized run-rate of $3 billion for this division.
Both providers serve major hyperscalers, including Meta and Microsoft, and have received $2 billion investments from Nvidia. Following the financial reports, CoreWeave shares rose 19%, while Nebius shares increased by 34%.
Nebius will raise on-demand prices for Nvidia GPU models by 17% to 21% starting October 1, 2026. CoreWeave is also securing new capacity at higher rates. Analysts expect these changes to improve operating margins by 500 to 1,000 basis points.
The companies are expanding their infrastructure to meet demand. CoreWeave aims to reach 8 gigawatts of data center capacity by 2030, while Nebius plans to achieve 5 gigawatts of capacity by the end of 2026.
