CoreWeave, Inc. CRWV appears well-positioned for continued margin expansion through the remainder of 2026, as increasing scale, stronger contract economics and higher-margin offerings begin to translate into greater operating leverage. In the second quarter, the company's adjusted operating margin expanded to 5% from 1% in the prior quarter, while adjusted operating income increased to $128 million from $21 million. Management said the improvement came as operating leverage began to take effect, despite the company continuing to incur significant ramp costs. The company expects this improvement to continue sequentially in the second half of the year.
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