Results for Q1 2026 for CoreWeave ($CRWV )



- Revenue = $2.08 billion (exceeded expectations of $1.97 billion) with +112% year-over-year growth (doubling from $981.8 million a year ago)
- Earnings per share = a loss of $1.12 (less than expected at $0.90, a -24% difference)
- Net loss = $740 million (doubled from $315 million a year ago)
- Gross profit margin = 71.7%
- Revenue backlog = $99.4 billion
- Total contracted capacity = 3.5 gigawatts

Guidance for Q2 (below expectations):
- Revenue = $2.45 - $2.6 billion (below expectations of $2.69 billion)

Full-year 2026 guidance (not raised despite 3 deals in April):
- Revenue = $12 - $13 billion
- Capital expenditure = $31 - $35 billion (raised from $30 - $35 billion due to component prices)
- Recurring annual revenue by end of 2026 = $17 - $19 billion
- Recurring annual revenue by end of 2027 = +$30 billion
- Only 1.7 gigawatts will be active by end of 2026 (from 3.5 gigawatts contracted)
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