Q1 26 EPS
$-1.40
MISS 14.26%
Est. $-1.23
Q1 26 Revenue
$2.08B
BEAT +5.00%
Est. $1.98B
vs S&P Since Q1 26
-16.2%
TRAILING MARKET
CRWV -15.8% vs S&P +0.5%
Market Reaction
Did CRWV Beat Earnings? Q1 2026 Results
CoreWeave delivered a split verdict in its first-quarter earnings report, posting revenue of $2.08 billion, a 111.7% year-over-year surge that topped the $1.96 billion consensus by 5.80%, while its loss per share of $-1.40 fell short of the $-1.20 es… Read more CoreWeave delivered a split verdict in its first-quarter earnings report, posting revenue of $2.08 billion, a 111.7% year-over-year surge that topped the $1.96 billion consensus by 5.80%, while its loss per share of $-1.40 fell short of the $-1.20 estimate by 16.26%, as the AI cloud infrastructure company's explosive growth came at a steep cost. The earnings miss traced directly to a dramatic widening of losses, with net loss reaching $740 million compared to $315 million a year earlier, driven by interest expense doubling to $536 million and depreciation and amortization surging to $1.15 billion as the company's capital expenditure program ballooned to $7.70 billion from $1.41 billion. Insider stock sales ahead of the print drew attention, though CoreWeave's fundamental growth story remained intact, anchored by a $99.40 billion revenue backlog that includes a $21 billion commitment from Meta. The company did not issue formal guidance in its press release, pointing investors to its earnings call for forward-looking commentary.
Key Takeaways
- • More than doubling of revenue year-over-year driven by unprecedented demand for AI cloud infrastructure
- • Revenue backlog reaching nearly $100 billion reflecting strong bookings momentum
- • Surpassed 1 GW of active power, expanding contracted power to over 3.5 GW
- • Multiple large customer agreements including $21 billion Meta commitment
CRWV Forward Guidance & Outlook
CoreWeave stated it will provide forward-looking guidance on its earnings conference call and webcast rather than in the press release. The company noted revenue backlog of $99.4 billion as of March 31, 2026, and expressed confidence in reaching more than 8 GW of active power by 2030.
CRWV YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“This was the strongest bookings quarter in CoreWeave's history, with revenue backlog reaching nearly $100 billion. We surpassed 1 GW of active power and believe we are well on our way to more than 8 GW by 2030, having positioned our capital structure to scale with the opportunity ahead.”
— Michael Intrator, Q1 2026 Earnings Press Release
CRWV Earnings Trends
CRWV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRWV EPS Trend
Earnings per share: estimate vs actual
CRWV Revenue Trend
Quarterly revenue: estimate vs actual
CRWV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-1.23 | $-1.40 | -14.26% | $2.08B | +5.00% |
| Q4 25 MISS FY | $-0.68 | $-0.89 | -29.96% | $1.57B | +2.89% |
| FY Full Year | $-2.58 | $-2.81 | -9.10% | $5.13B | +0.32% |
| Q3 25 MISS | $-0.22 | $-0.22 | -1.29% | $1.36B | +9.64% |
| Q2 25 MISS | $-0.21 | $-0.60 | -189.72% | $1.21B | +12.15% |
| Q1 25 MISS | $-0.12 | $-1.49 | -1,141.67% | $981.6M | — |