CoreWeave Inc. reported second-quarter revenue that more than tripled to $1.21 billion, beating the $1.08 billion consensus estimate, yet the artificial-intelligence cloud provider posted a larger-than-expected loss, sending the shares down about 6% after the close on Tuesday. The company recorded a net loss of roughly $290 million, or 60 cents a share, compared with a $323 million loss a year earlier. On an adjusted basis, CoreWeave lost 27 cents a share, missing analysts’ projection for a 23-cent loss. Adjusted EBITDA jumped 201% to $753 million, yielding a 62% margin, while GAAP operating income slipped to $19 million amid a $2.9 billion quarterly capital-expenditure program. Demand for AI computing continued to swell: the order backlog rose to $30.1 billion from $25.9 billion three months earlier, buoyed by a $4 billion expansion of CoreWeave’s multiyear deal with OpenAI and the addition of a new hyperscale cloud customer. Management expects to recognize about half of the backlog within two years and 90% within four. Reflecting the larger pipeline, CoreWeave lifted its full-year revenue forecast by $250 million to a range of $5.15 billion to $5.35 billion, while keeping its outlook for adjusted operating income unchanged at $800 million to $830 million. The company also sold $2 billion of 9.25% senior unsecured notes due 2030 to fund expansion and said its first purpose-built greenfield AI data center remains on track for completion in 2026. The results mark CoreWeave’s second quarter as a public company after its March listing. The stock had climbed more than 30% in the past two weeks on optimism over rising AI infrastructure spending at customers such as Microsoft, leaving profitability under close investor scrutiny.