Revenue backlog of $104.2 billion as of Q2 2026
Company: CoreWeave
The claim, verbatim
Revenue backlog stood at $104.2 billion after the second quarter of 2026, reflecting multi-year take-or-pay style contracts with major AI and hyperscale customers
Source (primary)
CoreWeave's AI Data Center Capacity Is Exploding - Its $35 Billion Debt Load Still Makes the Stock Untouchable - 24/7 Wall St. (-, news_article)
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Quote: “Its revenue backlog stood at $104.2 billion after the second quarter of 2026 — a figure that exceeds its market capitalization and reflects multi-year take-or-pay style contracts with major AI and hyperscale customers”
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Additional evidence
confirms CoreWeave's AI Data Center Capacity Is Exploding - Its $35 Billion Debt Load Still Makes the Stock Untouchable - 24/7 Wall St.
Quote: “Its revenue backlog stood at $104.2 billion after the second quarter of 2026 — a figure that exceeds its market capitalization and reflects multi-year take-or-pay style contracts with major AI and hyperscale customers”