CoreWeave (NASDAQ:CRWV) Releases Earnings Results

CoreWeave (NASDAQ:CRWV) announced its quarterly earnings data on Tuesday. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38, Briefing.com reports. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.58 billion during the quarter. During the same period last year, the business earned ($0.27) EPS. The business’s quarterly revenue was up 112.5% compared to the same quarter last year.

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

• Record growth and raised guidance: Q2 revenue reached $2.6 billion, up 112% year over year, while backlog rose to $104 billion and early Q3 commitments added more than $25 billion. CoreWeave raised its 2026 revenue guidance to $12.4 billion–$13.2 billion and expects $18.5 billion–$19.5 billion in year-end annualized run-rate revenue.
• Demand and pricing remain strong: Near-term capacity is effectively sold out across GPU generations, and new contracts are carrying contribution margins 5–10 percentage points above recent deals. July pricing changes increased rates by approximately 25%, while older GPUs are also finding attractive renewal and inference opportunities.
• Managed inference is scaling rapidly: Booked annual recurring revenue for the managed inference platform grew from $1 million to more than $100 million in a few months, with management targeting at least $250 million by year-end. Higher-margin software, storage, CPU, and networking offerings together exceeded $400 million of ARR.
• Capital intensity and losses remain substantial: Q2 CapEx was $9.4 billion, with full-year CapEx guidance raised to $35 billion–$39 billion, while net loss widened to $626 million and interest expense rose to $640 million. The company raised approximately $18 billion during the quarter and expects Q3 interest expense of $860 million–$940 million as debt finances continued expansion.

CoreWeave Stock Performance

Shares of CRWV opened at $110.48 on Wednesday. The firm has a market capitalization of $49.45 billion, a P/E ratio of -35.50 and a beta of 7.44. CoreWeave has a 52 week low of $60.55 and a 52 week high of $153.20. The stock has a 50 day moving average price of $90.50 and a two-hundred day moving average price of $94.73. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CRWV shares. Citigroup decreased their price target on shares of CoreWeave from $158.00 to $142.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Mizuho reduced their target price on CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Barclays dropped their price target on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Cantor Fitzgerald raised their price objective on CoreWeave from $167.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BNP Paribas Exane initiated coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 target price on the stock. Twenty-four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.15.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong quarterly performance: CoreWeave reported second-quarter revenue of $2.58 billion, up 112.5% year over year and ahead of estimates. Its adjusted loss of approximately $1.03 per share also beat expectations, supporting the view that AI infrastructure demand is translating into rapidly growing sales. CoreWeave stock pops as revenue doubles
• Positive Sentiment: Backlog and customer demand surged: The company’s backlog reached roughly $104 billion, while business with customers including Anthropic and Meta highlighted continued demand for large-scale AI computing capacity. CoreWeave also cited stronger AI-compute pricing and raised its outlook. CoreWeave revenue high and backlog grows
• Positive Sentiment: Revenue guidance exceeded estimates: Third-quarter revenue guidance of $3.5 billion to $3.6 billion topped consensus near $3.4 billion. Analysts also raised targets, including Baird to $130, Cantor Fitzgerald to $176, and Rosenblatt Securities to $250; the firms maintained positive ratings. Baird raises CoreWeave price target
• Neutral Sentiment: Broader market conditions: Technology shares and stock futures were higher ahead of the July CPI report, which could influence sentiment toward high-beta growth stocks such as CoreWeave.
• Negative Sentiment: Capital intensity limits profitability: Despite a 59% adjusted EBITDA margin, adjusted operating margin was only about 5%. Depreciation and amortization reached $1.39 billion, while projected 2026 capital expenditures of $35 billion to $39 billion and a debt-to-equity ratio of 3.68 create execution, cash-flow and financing risks. CoreWeave capital intensity analysis
• Negative Sentiment: Insider selling: COO Sachin Jain sold 13,608 shares worth approximately $1.25 million to cover tax withholding tied to vested equity awards. The transaction appears routine, but it may add modest caution after the rally. CoreWeave insider transaction filing

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 375,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total transaction of $37,965,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,972,789 shares of company stock valued at $889,538,607 over the last 90 days. Insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenline Wealth Management LLC bought a new position in shares of CoreWeave in the fourth quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new position in CoreWeave in the 3rd quarter valued at $34,000. Gilpin Wealth Management LLC purchased a new stake in shares of CoreWeave during the 4th quarter valued at $36,000. IFC & Insurance Marketing Inc. bought a new position in CoreWeave during the fourth quarter valued at about $37,000. Finally, Parkside Financial Bank & Trust increased its holdings in CoreWeave by 26.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock worth $43,000 after buying an additional 125 shares during the last quarter.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.