"CoreWeave and Meta Platforms announced an expanded long-term agreement to supply Meta with dedicated AI cloud capacity through December 2032 for approximately $21 billion. That new commitment stacks directly on top of the $14.2 billion deal the two companies signed in September 2025, bringing Meta's total committed spend to $35.2 billion."
"CoreWeave's total revenue backlog to $66.8 billion, a figure that represents 342% growth from the start of 2025. That kind of contracted revenue visibility is rare for any company, let alone one that only crossed $5.13 billion in full-year 2025 revenue."
"CoreWeave's 2026 revenue guidance of $12 billion to $13 billion implies year-over-year growth of 134% to 153%. To put that in perspective, AWS grew 17% in its most recent quarter and Microsoft Azure grew 31%."
CoreWeave's stock increased by 4% following an expanded agreement with Meta Platforms to provide dedicated AI cloud capacity through December 2032 for $21 billion. This deal adds to a previous $14.2 billion agreement, totaling $35.2 billion. CoreWeave's revenue backlog now stands at $66.8 billion, reflecting 342% growth since early 2025. The company projects 2026 revenue between $12 billion and $13 billion, indicating substantial year-over-year growth. CoreWeave's focus on GPU-heavy AI workloads differentiates it from competitors like AWS and Microsoft Azure.
Read at 24/7 Wall St.
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