CoreWeave (CRWV) Q1 earnings report 2026

Key Points:

• CoreWeave's shares dropped up to 10% in after-hours trading following light revenue guidance for Q2 and an increased 2026 capital expenditure forecast, despite beating revenue expectations with $2.08 billion in the latest quarter.
• The company reported a widened net loss of $740 million and an adjusted EPS loss of $1.12, missing the expected loss of 90 cents, while revenue more than doubled year-over-year to $2.08 billion.
• CoreWeave projects Q2 revenue between $2.45 billion and $2.6 billion, below the $2.69 billion consensus, but maintained its 2026 revenue guidance of $12 billion to $13 billion and aims for over $30 billion in annualized revenue by the end of 2027.
• Operating expenses surged, with technology and infrastructure costs up 127% and sales and marketing expenses increasing more than sixfold, as the company competes with major cloud providers by expanding data centers powered by Nvidia GPUs.
• The company has raised nearly $25 billion in debt and equity this year, including $8.5 billion in new debt in Q1, and plans capital expenditures of $31 billion to $35 billion in 2026, reflecting supply chain challenges but confidence in managing costs and scaling infrastructure.