CoreWeave Shares Drop After Q1 Revenue Guidance Misses Estimates
CoreWeave (CRWV) stock fell 8-9% in extended trading following mixed fourth-quarter results. While revenue surged 110% year-over-year to $1.57 billion, exceeding expectations, the company reported a wider-than-anticipated loss per share of $0.89 versus the $0.49 analysts had projected.
Investors reacted sharply to the disappointing Q1 2026 revenue guidance of $1.9B–$2.0B, which fell short of Wall Street's $2.29B estimate. The company's full-year outlook of $12B–$13B remains roughly in line with expectations, though capital expenditures are projected to balloon to $30B–$35B.
The cloud infrastructure provider's revenue backlog grew to $66.8B, signaling strong future demand, while debt stood at approximately $30B. Adjusted EBITDA margins remained robust at 57%, reflecting intensifying demand for AI-related services.
