Companies /Technology

CoreWeave, Inc. Class A Common Stock

NASDAQ: CRWV Software - Infrastructure
$89.36
▲ $4.80 (+5.68%) today
Markets closed · 9:03pm ET

Q1 2026 Earnings

Reported May 7, 2026, 4:10pm ET · SEC source
$-1.40
Miss −14.26%
EPS · est. $-1.23
$2.1B
Beat +5.00%
Revenue · est. $2.0B
−14.6%
Trailing market
CRWV vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%May 7May 8report 4:10pm ETearnings+0.8%−7.9%
−10%−5%0+5%May 7May 8earnings+0.8%−7.9%
CRWV −7.9%S&P 500 +0.8%
−10%−5%0+5%May 7May 8report 4:10pm ETearnings+2.4%−7.9%
−10%−5%0+5%May 7May 8earnings+2.4%−7.9%
CRWV −7.9%NASDAQ +2.4%
−16%−8%0+8%May 6May 15report 4:10pm ETearnings+1.1%−16.6%
−16%−8%0+8%May 6May 15earnings+1.1%−16.6%
CRWV −16.6%S&P 500 +1.1%
−16%−8%0+8%May 6May 15report 4:10pm ETearnings+2.0%−16.6%
−16%−8%0+8%May 6May 15earnings+2.0%−16.6%
CRWV −16.6%NASDAQ +2.0%
−11.40%
Day of report
+0.48%
Next session
−6.00%
One week
−16.24%
30 days

S&P 500 over the same 30 days: −1.65%.

Did CRWV Beat Earnings? Q1 2026 Results

CoreWeave delivered a split verdict in its <a href="https://247wallst.com/investing/2026/05/07/live-will-coreweave-beat-q1-earnings-tonight/">first-quarter earnings report</a>, 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

“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.”

CRWV CEO, on the earnings call

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 · SEC filings Q1 2025 Q1 2026
$0$600.0M$1.2B$1.8B$981.6M$2.1BRevenue$719.2M$1.4BGross Profit
$0$600.0M$1.2B$1.8BRevenueGross Profit

Figures from SEC filings and company reports. Not investment advice.