CoreWeave, a provider of infrastructure for artificial intelligence companies, reported better-than-expected third-quarter revenue on monday, but the company delivered disappointing full-year guidance. The stock dropped 6% in extended trading.
Here’s how the company did in comparison with LSEG consensus:
* Earnings: Loss of 22 cents per share
* Revenue: $1.36 billion vs.$1.29 billion expected
Revenue in the quarter soared 134% from $583.9 million a year ago, according to a statement. The company reported a net loss of $110 million, narrowing from about $360 million in the same quarter last year.
CoreWeave’s growth is tied directly to the AI boom, as the company rents out Nvidia graphics processing units and has won business from leading cloud infrastructure providers, including Google and Microsoft.
CoreWeave Secures $14.2 Billion in Contracts, Navigates Data Center Constraints
CoreWeave, a rapidly growing provider of cloud infrastructure focused on artificial intelligence (AI) workloads, has secured $14.2 billion in contracts and is aggressively expanding its data center capacity despite current supply constraints. The company announced a sixth contract with a leading hyperscaler, signaling continued strong demand for its services. [https://www.bc.com/2025/09/30/coreweave-meta-deal-ai.html]
According to CoreWeave’s leadership, the primary bottleneck isn’t power availability, but rather the limited supply of “powered-shell” data centers – partially completed facilities where CoreWeave can install its specialized equipment. The company is actively addressing this by building its own data center infrastructure from the ground up, including a new facility in Pennsylvania.
“The overwhelming majority of the delay that you’re seeing should be taken care of within Q1 of next year,” stated CoreWeave’s CEO.
As its initial public offering (IPO) in March, CoreWeave has experienced significant stock growth. Shares initially sold for $40 each and closed on Monday at $105.61, representing a 164% return – significantly outpacing the Nasdaq’s 32% gain over the same period. [https://www.cnbc.com/2025/03/28/coreweave-starts-trading-on-nasdaq-at-per-share.html] The stock saw a slight dip in extended trading Monday.
In July, CoreWeave announced plans to acquire data center infrastructure operator Core Scientific in an all-stock deal valued at $9 billion. [https://www.cnbc.com/2025/07/07/coreweave-to-acquire-core-scientific-in-9-billion-all-stock-deal.html] However, the deal was ultimately rejected by Core Scientific shareholders. [https://www.cnbc.com/quotes/CORZ/]
Looking ahead, coreweave anticipates substantial increases in capital expenditures.The company’s finance chief, Nitin agrawal, projects 2026 capital spending to be “well in excess of double” the $12 billion to $14 billion expected for 2025.
Related Video: [https://www.cnbc.com/video/2025/03/31/cramers-mad-dash-coreweave.html] Cramer’s Mad Dash: CoreWeave