CoreWeave, a frontrunner in the AI cloud services domain, has recently unveiled its financial results for the first half and second quarter of FY2026. The figures reveal that CoreWeave racked up a total operating revenue of $4.653 billion in the first six months of the year, showcasing a remarkable year-over-year surge of 112.08%. Its gross profit soared to $3.058 billion, marking an 88.88% year-over-year increase, albeit with a gross profit margin of 65.73%—a slight dip of 8.06 percentage points from the previous year. Despite a widening net loss attributable to the parent company, which stood at $1.366 billion and represented a 125.79% year-over-year spike in losses, CoreWeave managed to turn its operating cash flow positive, reaching $3.663 billion compared to the previous year. In the second fiscal quarter, CoreWeave maintained its robust growth trajectory, with total operating revenue hitting $2.575 billion, up 112.46% year-over-year. Gross profit climbed to $1.696 billion, an 88.65% year-over-year hike, though the gross profit margin of 65.86% reflected an 8.32 percentage point decrease year-over-year. The net loss attributable to the parent company amounted to $626 million, with losses widening by 115.86% year-over-year, while operating cash flow turned positive at $679 million compared to the previous year. The financial outcomes indicate that CoreWeave's revenue surpassed market anticipations, largely attributable to the sustained uptick in demand for AI cloud services, which propelled the company's revenue to double. Furthermore, CoreWeave's Non-GAAP adjusted EBITDA for the first half of the year stood at $2.667 billion, boasting a profit margin of 57%. As of June 30, the company's revenue backlog had ballooned to $104 billion, excluding new orders exceeding $25 billion secured in the third quarter. In terms of computational capacity, CoreWeave has expanded to 1.5GW, with a total contracted power of roughly 3.7GW. The company also accomplished the launch verification of NVIDIA Vera Rubin NVL72 and rolled out multiple AI capabilities. Regarding financing, CoreWeave successfully clinched a $3.1 billion loan and garnered a $1 billion strategic investment from Jane Street, amassing a cumulative total of over $10 billion, inclusive of debt and convertible debt. Notably, CoreWeave was also included in the Nasdaq-100 Index. The company is set to furnish further performance guidance during its earnings call and live broadcast.