CoreWeave Just Reported Its First Quarter as a Hyperscaler. The Numbers Are Bigger Than Anyone Expected.

$2.08B revenue, a $99.4B backlog, $7.7B of capex in 90 days, and a $536M interest bill - all in a single quarter ended March 31, 2026.

CoreWeave revenue by quarter (top panel) updated through the May 7, 2026 print, alongside Q2 2026 guidance midpoint as a hatched grey bar; financing events on the bottom panel with cumulative capital…