Filing Flows › Core Scientific, Inc./tx (CORZ) › Q2 2026
Core Scientific, Inc./tx (CORZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Core Scientific, Inc./tx (CORZ) reported revenue of $164M for the second quarter 2026 (Q2 2026), +109% from a year earlier and +42% from the quarter before. Operating margin was -47.8%, net loss $1.2B (703.6% of revenue).
Core Scientific, Inc./tx, Q2 2026: revenue $164M (+109% year over year), operating margin -47.8%, net loss $1.2B, operating cash flow −$18.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +42% | +109% |
| Operating profit | −$78.5M | — | — |
| Net earnings | −$1.2B | — | — |
| Operating cash flow | −$18.9M | -108% | -156% |
What changed
Revenue was $164.2M in Q2 2026, up 109% year over year and up 42% from the previous quarter.
Gross margin was 42.7%, up 36.3 points from Q2 2025. Operating costs exceeded revenue by $78.5M, an operating margin of -47.8%. Operating expenses grew 374% against revenue growth of 109%. The quarter ended with a net loss of $1,155.3M, wider than the previous quarter's $347.2M loss. Net interest and other expense of $1,074.9M was the main reason.
Operating cash flow was −$18.9M. Non-cash charges added back $15.5M of depreciation and amortization and $18.2M of share-based compensation. Working capital and other items added $1,102.6M. Capital expenditures of $565.0M exceeded it, leaving free cash flow of −$583.9M.
Questions
What was Core Scientific, Inc./tx's revenue in the second quarter 2026?
Core Scientific, Inc./tx (CORZ) reported revenue of $164M for the second quarter 2026 (Q2 2026), +109% from a year earlier and +42% from the quarter before.
Was Core Scientific, Inc./tx profitable in the second quarter 2026?
Operating loss was $78.5M (-47.8% of revenue) and net loss $1.2B.