CoreWeave Shares Slide on Cautious 2025 Revenue Outlook Despite Strong Q3 Performance
CoreWeave Inc. (CRWV) shares dropped 6% in after-hours trading after issuing 2025 revenue guidance below analyst expectations. The AI infrastructure provider forecasted $5.1B-$5.2B revenue for 2025, narrowly missing the $5.3B consensus, despite posting a 134% YoY Q3 revenue surge to $1.4B.
The company's narrowing net loss—from $360M to $110M YoY—signals improving operational efficiency. However, GPU supply bottlenecks and timing delays in its $55.6B backlog continue to weigh on near-term execution. CEO Mike Intrator acknowledged these constraints while emphasizing long-term demand for Nvidia GPU cloud solutions.