Core Scientific Q2 FY26 net loss widens to $1.16 billion; revenue rises to $164.2 million
CORZ•AMD partnership
- Core Scientific signed an AMD partnership for up to 2.5 GW, anchored by 15-year agreements for about 530 MW.
- The company said the deal represents more than $14 billion in potential base contracted revenue.
Quarterly results
- Core Scientific posted a GAAP net loss of $1.16 billion, widening from $347.2 million in Q1 2026.
- Revenue rose to $164.2 million from $115.2 million in Q1 2026, driven by colocation revenue of $136.7 million versus $77.5 million.
- Adjusted EBITDA (non-GAAP) increased to $41.1 million from $8.9 million.
Capacity and revenue outlook
- Billing capacity climbed to 395 MW from 225 MW, with 437 MW billed as of mid-July.
- That implies about $635 million in annualized colocation GAAP revenue.
