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<h3 id="quick-overview">Quick Overview</h3><ul><li>First-quarter revenue reached $2.08 billion, a 112% annual increase that exceeded the $1.97 billion forecast</li><li>Second-quarter revenue projection of $2.45B–$2.60B fell short of the $2.69 billion analyst consensus</li><li>Net losses expanded to $740 million compared to $315 million in the prior-year period</li><li>The company’s revenue backlog surged to approximately $100 billion, climbing $33 billion quarter-over-quarter</li><li>Shares declined more than 5% during Friday’s premarket session</li></ul><p>Despite delivering impressive triple-digit revenue expansion once again, CoreWeave couldn’t sustain investor enthusiasm. Shares tumbled over 5% in Friday’s premarket hours following the company’s disappointing second-quarter revenue projections.</p><p><a href="https://knockoutstocks.com/stock/CRWV" rel="noopener noreferrer nofollow"><br><img src="https://knockoutstocks.com/api/stocks/CRWV/embed" alt="CRWV Stock Card"><br> CoreWeave, Inc. Class A Common Stock, CRWV<br></a></p><p>First-quarter results showed revenue of $2.08 billion, representing a 112% surge compared to last year and surpassing the Street’s $1.97 billion projection. However, the strong top-line performance was quickly eclipsed by below-consensus profitability metrics and a second-quarter outlook that underwhelmed analysts.</p><div class="embed-twitter"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/search?q=%24CRWV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CRWV</a> (CoreWeave) <a href="https://twitter.com/hashtag/earnings?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#earnings</a> are out: <a href="https://t.co/PqmRBcuhWM" rel="noopener noreferrer nofollow">pic.twitter.com/PqmRBcuhWM</a></p><p>— The Earnings Correspondent (@earnings_guy) <a href="https://twitter.com/earnings_guy/status/2052480410840359145?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2026</a></p></blockquote></div><p>Management projected second-quarter revenue ranging from $2.45 billion to $2.60 billion. Wall Street had anticipated $2.69 billion. This shortfall was sufficient to pressure shares when the forecast was unveiled during Thursday afternoon’s earnings discussion.</p><p>The quarter’s net loss ballooned to $740 million, escalating from $315 million during the comparable quarter last year. Interest expenses alone totaled $536 million — representing 26% of quarterly revenue.</p><p>Per-share losses reached $1.40. Although this represents a modest improvement from the $1.49 recorded a year earlier, it still fell short of the $0.91 analyst projection.</p><h3 id="investment-spending-accelerates">Investment Spending Accelerates</h3><p>Full-year capital expenditure projections were increased by approximately $500 million at the midpoint, now ranging between $31 billion and $35 billion. Leadership attributed the adjustment to elevated component costs. The company deployed nearly $7 billion during Q1, with expectations for another $7 billion to $9 billion in Q2.</p><p>CoreWeave closed the first quarter carrying $25 billion in outstanding debt alongside $10 billion in lease obligations. Additionally, the firm has locked in $38.5 billion worth of future lease commitments. Throughout 2026, <a href="https://coincentral.com/coreweave-crwv-stock-what-to-expect-from-q1-earnings-today/" rel="noopener noreferrer nofollow">CoreWeave</a> has secured more than $21 billion through various financing mechanisms including equity offerings, credit facilities, and bond issuances.</p><p>The company’s largest recent financing arrangement features a floating interest rate near 6%, marking an improvement. The blended interest rate has decreased by 0.8 percentage points this year, following a three-point reduction in 2025.</p><h3 id="order-book-expansion-continues">Order Book Expansion Continues</h3><p>A particularly noteworthy metric: the revenue backlog now approaches $100 billion, having grown by $33 billion during the past three months alone. CEO Michael Intrator characterized it as the company’s most successful bookings quarter on record.</p><p><a href="https://coincentral.com/microsoft-msft-vs-alphabet-googl-which-big-tech-stock-is-the-better-buy-right-now/" rel="noopener noreferrer nofollow">Microsoft</a> continues as the primary customer, representing approximately two-thirds of 2025 revenue. However, expanding partnerships with Meta Platforms and OpenAI are gaining momentum, positioning the company to diversify its revenue streams moving forward.</p><p>Jefferies analysts highlighted the anticipated second-half profitability acceleration as a critical watchpoint — management projects just $81 million in adjusted operating profit during the first six months, compared to $919 million in the latter half. Achieving this dramatic improvement will be essential for management credibility.</p><p>The firm also crossed the threshold of 1 gigawatt in operational power capacity and has established a target exceeding 8 GW by 2030.</p><p>Full-year revenue and profitability guidance remained steady, with only capital expenditure ranges receiving adjustments. Wall Street currently forecasts annual revenue of $12.5 billion for the year.</p><p>The post <a href="https://blockonomi.com/coreweave-crwv-stock-slides-5-despite-strong-q1-results-on-weak-q2-outlook/" rel="noopener noreferrer nofollow">CoreWeave (CRWV) Stock Slides 5% Despite Strong Q1 Results on Weak Q2 Outlook</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

CoreWeave (CRWV) Stock Slides 5% Despite Strong Q1 Results on Weak Q2 Outlook

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