CoreWeave CEO stated that the company is striving to meet the demand for NVIDIA chips and has raised its revenue guidance for fiscal year 2026 to between $12.4 billion and $13.2 billion.
CoreWeave CEO Michael Intrator stated at the Goldman Sachs Communacopia & Tech Conference that the company is working daily to meet the demand for NVIDIA chips, with each GPU being sold to multiple clients. Concurrently, CoreWeave announced a 112% year-over-year increase in Q2 sales, with adjusted operating profit doubling to $1.5 billion. The company also raised its full-year revenue guidance for fiscal year 2026 to $12.4 billion-$13.2 billion, driven by a $104 billion revenue backlog.
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