Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025.

Jeenah Moon | Reuters

CoreWeave shares fell 8% in extended trading on Thursday after the artificial intelligence-focused cloud infrastructure provider delivered light revenue guidance for the current quarter.

Here’s how the company did in comparison with LSEG consensus:

• Loss per share: 89 cents. That might not compare with the LSEG consensus of a loss of 49 cents
• Revenue: $1.57 billion vs. $1.55 billion expected

CoreWeave’s revenue grew 110% year over year in the fourth quarter, according to a statement.

The company called for $1.9 billion to $2 billion in first-quarter revenue, below the $2.29 billion LSEG consensus.

For all of 2026, CoreWeave sees $12 billion to $13 billion in revenue. Analysts polled by LSEG had anticipated $12.09 billion.

Nvidia graphics chips, which lie at the core of CoreWeave’s offering, remain in short supply, CoreWeave CEO Mike Intrator said on a conference call with analysts. Average prices for Nvidia’s H100 processors in the fourth quarter were within 10% of where they started the year, and older A100 prices increased in 20205, Intrator said.

CoreWeave had 850 megawatts in active power capacity at the end of the year, while contracted power stood at 3.1 gigawatts. Analysts polled by LSEG had been projecting about 827 megawatts in active power.

The company is targeting $30 billion to $35 billion in capital expenditures for 2026, up from $10.31 billion in 2025. It intends to end 2026 with over 1.7 gigawatts of active power, which is higher than Visible Alpha’s consensus of 1.59 gigawatts, and add over five gigawatts beyond its contracted footprint by 2030.

“Not only are we seeing the proliferation of demand across the economy going from where was initially really housed within the hyperscaler clouds and the foundation models,” Intrator said. “You’re now seeing it kind of explode into the enterprise. You’re seeing it move into sovereign. You’re seeing all these new participants beginning to come in and securing the infrastructure that they need.”

CoreWeave quickly resolved delays it disclosed in November, Intrator said.

“We brought in data center technicians from across our entire portfolio, so that we have enough bodies to build at maximum speed,” he told CNBC in an interview, adding that third-party vendors also helped.

A backlog of revenue swelled to $66.8 billion from $55.6 billion at the end of the third quarter. The company’s weighted contract length has increased to five years from four at the end of 2024, Intrator said.

Adjusted earnings before interest, tax, depreciation and amortization, at $898 million, came in below StreetAccount’s $929 million consensus.

“We made the decision intentionally to go ahead and build more faster, and that is being driven by the fact that our clients are desperate to get access to more infrastructure faster,” Intrator told CNBC. He said he was willing to take a short-term margin hit as the company adds capacity.

After going public last March, CoreWeave reported $21.37 billion in debt as of Dec. 31.

AI has become a greater concern for software investors in recent weeks, with announcements from Anthropic leading to sharp selling.

CoreWeave supplies AI model makers such as Google and OpenAI, and its stock was up 36% so far in 2026 as of Thursday’s close, while the iShares Expanded Tech-Software Sector Exchange-Traded Fund is down nearly 22% in the same period.

During the quarter, CoreWeave announced a deal with model builder Poolside and introduced an object storage service. The company also said it increased a credit facility to $2.5 billion from $1.5 billion.

CoreWeave continues to be a specialist in cloud infrastructure, although the storage launch will help it compete with larger entities, such as Amazon Web Services.

WATCH: CoreWeave shares jump 14% intraday after news of Nvidia investment

The post CoreWeave (CRWV) Q4 earnings report 2025 appeared first on Our Story Insight.

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025.

Michael M. Santiago | Getty Images News | Getty Images

CoreWeave shares slid 9% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure issued results and guidance that beat expectations.

Here’s how the company did in comparison with LSEG consensus:

• Earnings per share: Loss of 21 cents
• Revenue: $1.21 billion vs. $1.08 billion expected

Revenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss, compared with a $323 million loss in second quarter of 2024. CoreWeave’s earnings per share figure wasn’t immediately comparable with estimates from LSEG.

Revenue growth continues to be capacity constrained, with demand outstripping supply, Nitin Agrawal, the company’s finance chief, said on a conference call with analysts. The company competes with cloud providers such as Amazon to rent out Nvidia chips to companies.

CoreWeave’s operating margin shrank to 2% from 20% a year ago due primarily to $145 million in stock-based compensation costs. Debt now sits at $11.1 billion. This is CoreWeave’s second quarter of full financial results as a public company following its IPO in March.

On a conference call with analysts, CoreWeave CEO Mike Intrator pointed to an expansion in business with OpenAI, a major client and investor, and he said Goldman Sachs and Morgan Stanley are becoming customers. Both banks were underwriters in CoreWeave’s March initial public offering.

During the quarter, CoreWeave acquired Weights and Biases, a startup with software for monitoring AI models, for $1.4 billion.

In May, management touted 420% revenue growth, alongside widening losses and nearly $9 billion in debt. The stock still doubled anyway over the course of the next month.

For the third quarter, CoreWeave anticipates $1.26 billion to $1.30 billion in second-quarter revenue. Analysts surveyed by LSEG were looking for $1.25 billion.

CoreWeave now sees $5.15 billion to $5.35 billion in revenue for all of 2025, suggesting a 174% growth rate. The new range is up from the $4.9 billion to $5.1 billion forecast that management gave in May. Analysts polled by LSEG had expected $5.05 billion in 2025 revenue.

The company’s shares debuted on Nasdaq at the end of the first quarter, after it sold 37.5 shares at $40 each, yielding $1.5 billion in proceeds. As of Tuesday’s close, the stock was trading at $148.75 for a market cap of over $72 billion.

A CoreWeave data center project in New Jersey with up to 250 megawatts of capacity is set to be delivered in 2026, the company said in the statement.

Intrator said later this year CoreWeave aims to start letting people rent out GPUs on a spot basis. That means CoreWeave can quickly take back GPUs from customers if the company decides they’re needed elsewhere, but costs are lower than they would be when bought on demand.

WATCH: Citi’s Tyler Radke’s bullish call on CoreWeave, upgraded to buy

The post CoreWeave (CRWV) Q2 earnings report 2025 appeared first on Our Story Insight.