CoreWeave (NASDAQ:CRWV) Announces Quarterly Earnings Results, Beats Expectations By $0.50 EPS

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

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 Stock Performance

CRWV traded down $4.34 during midday trading on Thursday, reaching $56.43. The company had a trading volume of 77,369,718 shares, compared to its average volume of 33,280,336. 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 cap of $25.89 billion, a PE ratio of -11.99 and a beta of 7.71. CoreWeave has a 12-month low of $40.58 and a 12-month high of $138.25. The business has a 50-day moving average price of $73.71 and a two-hundred day moving average price of $89.28.

Analyst Ratings Changes

Several analysts have recently issued reports on CRWV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. JPMorgan Chase & Co. raised shares of CoreWeave from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $125.00 in a research report on Thursday, September 24th. Roth Capital set a $145.00 price target on shares of CoreWeave in a report on Thursday, August 13th. BTIG Research assumed coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating for the company. Finally, DA Davidson decreased their price objective on shares of CoreWeave from $100.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and an average target price of $118.14.

Insider Activity at CoreWeave

In other news, CFO Nitin Agrawal sold 22,579 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the completion of the sale, the chief financial officer owned 110,017 shares in the company, valued at $8,815,662.21. This trade represents a 17.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeff Baker sold 6,670 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total value of $407,937.20. Following the completion of the transaction, the insider owned 14,170 shares in the company, valued at approximately $866,637.20. The trade was a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,727,018 shares of company stock worth $337,495,407 over the last 90 days. Corporate insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWV. State Street Corp increased 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 worth $674,266,000 after purchasing an additional 680,664 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of CoreWeave by 11.8% during the third quarter. Resona Asset Management Co. Ltd. now owns 79,677 shares of the company’s stock worth $6,925,000 after acquiring an additional 8,421 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CoreWeave by 54.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 3,710 shares of the company’s stock worth $323,000 after acquiring an additional 1,304 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of CoreWeave by 48.4% during the third quarter. Mayflower Financial Advisors LLC now owns 3,898 shares of the company’s stock worth $340,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of CoreWeave in the third quarter worth $1,905,000.

Trending Headlines about CoreWeave

These are some of the CRWV headlines that stood out recently:

• 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
• Positive Sentiment: Funding plan may ease concerns: Customer prepayments and contract-backed borrowing are intended to help finance expansion; reports also say the company is preparing a roughly $4 billion investment-grade loan. These steps could reduce reliance on more expensive financing, though the plan is still developing. Loan financing 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

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.