CoreWeave (NASDAQ:CRWV) Posts Earnings Results

CoreWeave (NASDAQ:CRWV) released its earnings results on Tuesday. The company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($1.45) by $0.50, FiscalAI reports. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.54 billion. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The business’s quarterly revenue was up 168.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) earnings per share.

Here are the key takeaways from CoreWeave’s conference call:

• Revenue rose 168% year over year to $3.7 billion, while adjusted operating income reached $379 million and margin expanded to 10%. CoreWeave raised its 2026 revenue guidance to $13 billion–$13.3 billion and expects to exit the year at a $20 billion–$21 billion annualized run rate.
• Revenue backlog reached approximately $133 billion, and active power exceeded 1.7 GW. Management cited strong demand and higher pricing, including more than $40 million per megawatt annually for some short-term capacity, though it said it is pacing new commitments carefully.
• CoreWeave said its older GPU fleet is being re-contracted at premiums, with more than 130,000 GPUs coming off contract in 2027 and about 170,000 in 2028. At current pricing, management estimates those renewals could generate nearly $4 billion and $10 billion, respectively, in incremental annualized revenue without additional CapEx; these are estimates, not secured revenue.
• The business remains capital-intensive: Q3 CapEx was $14.5 billion, full-year guidance is now $37 billion–$39 billion, and the company reported a $709 million net loss with $846 million of interest expense. Management expects adjusted net income to turn positive in the first half of 2028 and said it expects less than $5 billion in additional parent-level capital through 2027, relying mainly on secured financing, customer prepayments and cash flow.

CoreWeave Trading Down 7.2%

Shares of CRWV stock traded down $4.39 on Thursday, hitting $56.38. 80,602,247 shares of the stock traded hands, compared to its average volume of 33,298,387. The firm’s 50-day moving average price is $73.71 and its two-hundred day moving average price is $89.28. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $25.87 billion, a PE ratio of -12.02 and a beta of 7.71. CoreWeave has a twelve month low of $40.58 and a twelve month high of $138.25.

Key CoreWeave News

Investors following CRWV have been watching these news items:

• Positive Sentiment: Strong growth and outlook: Third-quarter revenue rose 168% year over year to $3.66 billion, beating estimates; the loss per share was also narrower than expected. CoreWeave raised its 2026 revenue outlook to $13.0–$13.3 billion and reported a $132.5 billion backlog, reinforcing evidence of robust AI-computing demand. Zacks earnings report
• Neutral Sentiment: Analyst views are mixed: Argus cut its price target to $100 but kept a Buy rating, reflecting continued upside expectations alongside a more cautious valuation. Argus rating update
• Negative Sentiment: Sector and balance-sheet risks remain in focus: Neocloud shares faced renewed selling after Nebius results, while concerns about debt, capital needs and exposure to the wider Nvidia-linked AI trade continue to weigh on sentiment. CoreWeave’s rapid buildout remains capital-intensive despite its growth and financing measures. Neocloud sector report

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $150.00 target price (up from $135.00) on shares of CoreWeave in a report on Friday, August 7th. The Goldman Sachs Group raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Monday, October 19th. Wells Fargo & Company decreased their price target on shares of CoreWeave from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday. Roth Capital set a $145.00 price target on shares of CoreWeave in a research report on Thursday, August 13th. Finally, Robert W. Baird upped their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.14.

Insiders Place Their Bets

In related news, major shareholder Magnetar Financial Llc sold 307,131 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares in the company, valued at approximately $24,013,087.50. The trade was a 58.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total transaction of $19,144,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,676,815 shares in the company, valued at $160,504,731.80. The trade was a 10.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,727,018 shares of company stock valued at $337,495,407. 24.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently made changes to their positions in CRWV. Alyeska Investment Group L.P. raised its position in CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. State Street Corp grew its stake in shares of CoreWeave by 9.6% in the third quarter. State Street Corp now owns 7,739,510 shares of the company’s stock valued at $674,266,000 after buying an additional 680,664 shares in the last quarter. Bank of America Corp DE grew its stake in shares of CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of CoreWeave by 27.2% in the 3rd quarter. First Trust Advisors LP now owns 3,470,404 shares of the company’s stock valued at $302,342,000 after buying an additional 741,620 shares during the period. Finally, Amundi raised its holdings in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares during the period.

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.