CoreWeave's Q2 Earnings: Will the $18B ARR Target Hold?

CoreWeave reports Q2 2026 results after the close on August 11. Shares are down 30% since May. In May, management set an exit ARR (annual recurring revenue run-rate by year-end) floor of $18 billion, with full-year revenue guidance at $12–13 billion. Whether that $18 billion holds or slips signals how well its order backlog converts into second-half growth.