CoreWeave Beats on Revenue as Q2 Forecast Miss Weighs on Shares
CoreWeave reported first-quarter revenue of $2.08 billion, up 112% from a year earlier and above estimates of about $1.97 billion, while adjusted EBITDA of $1.16 billion also topped expectations. The company posted a net loss of $740 million, or $1.40 a share, wider than analysts had anticipated, and said it delivered the strongest bookings quarter in its history.
Revenue backlog stood at $99.4 billion as of March 31. CoreWeave said active power surpassed 1 gigawatt and contracted power exceeded 3.5 gigawatts, with demand intensifying and the substantial majority of that capacity expected to be online by the end of 2027. Its CFO said the company remains largely sold out of 2026 capacity, but a forecast for second-quarter revenue below estimates sent the shares down more than 8% after hours.
From the sources (12 posts)
@firstsquawkCoreWeave Q1 26 Earnings: - Revenue: $2.08B (est $1.97B) - Adj EBITDA: $1.16B (est $1.14B) - Adj EBITDA Margin: 56% (est 57.4%) - Net Loss: $740M (est loss $628.2M) - Loss/Share: $1.40 (est loss/share $1.20) - Says Strongest Bookings Quart
@alphasenseinc$CRWV Earnings: - Revenue: $2 billion - Diluted net loss per share: -$1.40 - Revenue backlog was $99.4 billion as of March 31, 2026. "This was the strongest bookings quarter in CoreWeave's history, with revenue backlog reaching nearly $10
@stockmktnewzCoreWeave $CRWV just said its revenue backlog now stands at $99.4 billion
@wallstengine$CRWV Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $2.08B (Est. $1.97B) 🟢 🔹 EPS: $(1.40) (Est. $(0.91)) 🔴 🔹 Adj EBITDA: $1.16B (Est. $1.15B) 🟢 🔹 Adj EBITDA Margin: 56% 🔹 Revenue Backlog: $99.4B Other Metrics: 🔹 Adjusted Net Loss: $(589)M (Est. $(
@zerohedge*COREWEAVE 1Q REV. $2.08B, EST. $1.97B
@stocksavvyshay$CRWV Q1 EARNINGS • Revenue $2.08B vs Est. $1.97B • EPS ($1.40) vs Est. ($0.92) • EBITDA $1.16B vs Est. $1.14B • Backlog: $99.4B • Total Contracted Power: ~3.5 GW • Active Power: Surpassed 1 GW
@cnbcCoreWeave revenue more than doubles in first quarter, topping estimates
@businessCoreWeave posted higher sales than anticipated last quarter, but also a wider loss, after the AI data center operator spent heavily to bolster its operations and meet burgeoning demand
@firstadopterCoreWeave $CRWV call: "The demand environment is intensifying" "We have reached hyper scale with more than 3.5GW of contracted power, up more than 400MW this quarter alone. With the substantial majority expected to be online by the end of 2
@stockmktnewzCoreWeave's $CRWV CFO just said it remains largely sold out of its 2026 capacity
@polymarketmoney$CRWV says the company remains largely sold out of its 2026 capacity.
@techmemeCoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours (@jordannovet / CNBC) (Visit Techmeme dot com for the link and full context!)