CoreWeave (NASDAQ:CRWV) Announces Quarterly Earnings Results

CoreWeave (NASDAQ:CRWV) issued its earnings results on Tuesday. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38, Briefing.com reports. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 51.06%. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.27) EPS.

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 Up 2.5%

CRWV traded up $2.64 on Thursday, reaching $110.37. The company’s stock had a trading volume of 25,608,925 shares, compared to its average volume of 28,666,639. The stock has a market cap of $49.40 billion, a price-to-earnings ratio of -30.22 and a beta of 7.44. The business’s 50 day moving average is $90.43 and its 200 day moving average is $94.85. CoreWeave has a 1 year low of $60.55 and a 1 year high of $153.20. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Friday, August 7th. BTIG Research began coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Weiss Ratings upgraded CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Citigroup decreased their price target on shares of CoreWeave from $158.00 to $142.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.06.

Insider Activity

In other news, insider Brannin Mcbee sold 53,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $89.73, for a total transaction of $4,755,690.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $91.80, for a total transaction of $18,360,000.00. Following the sale, the chief executive officer directly owned 2,076,815 shares of the company’s stock, valued at approximately $190,651,617. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,127,274 shares of company stock worth $902,371,258 in the last quarter. Insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

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

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Revenue and guidance beat expectations: Second-quarter revenue rose 112.5% year over year to approximately $2.58 billion, slightly exceeding estimates, while the adjusted loss per share was narrower than expected. CoreWeave also forecast third-quarter revenue of $3.5 billion to $3.6 billion, above consensus. CoreWeave stock pops as revenue doubles
• Positive Sentiment: AI demand and backlog remain exceptionally strong: Contracted revenue reached about $104.2 billion, up sharply from $30.1 billion a year earlier. New and expanded business with customers including Anthropic and Meta supports the view that demand for AI computing capacity continues to exceed supply. CoreWeave Has $104 Billion of Contracted Revenue
• Positive Sentiment: Pricing power and asset durability improved the outlook: Management said customers are contracting older Nvidia GPUs through 2029 at full pricing, suggesting slower hardware obsolescence and stronger returns on deployed capacity. Analysts also cited improving contract economics, managed inference growth and the Solidigm SSD-access agreement as potential growth supports. CoreWeave CEO on Nvidia GPU demand
• Neutral Sentiment: Analyst sentiment is favorable but varied: Several firms raised price targets, including Baird, Cantor Fitzgerald and Rosenblatt, while JPMorgan maintained a Neutral rating despite lifting its target to $110. The reported consensus rating is Moderate Buy, with an average target of $136.82.
• Negative Sentiment: Debt, capital spending and profitability remain major risks: CoreWeave’s net loss widened to roughly $626 million, and analysts continue to flag substantial leverage, cash burn and projected 2026 capital expenditures of $35 billion to $39 billion. A bearish view argues that financing costs and execution risks could undermine the backlog’s value before an expected profitability inflection in fiscal 2028. CoreWeave debt and backlog analysis
• Negative Sentiment: Insider selling adds a modest cautionary signal: COO Sachin Jain sold shares to cover tax withholding obligations, while executive Brannin McBee sold 197,000 shares under a pre-arranged Rule 10b5-1 plan. These transactions were planned and do not necessarily indicate deteriorating business conditions, but they may weigh on sentiment after the rally.

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.