CoreWeave, Inc. Class A Common Stock Q1 2026 Earnings Recap

CRWV Q1 2026 May 8, 2026

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CoreWeave’s stock fell 17.3% after earnings as investors reacted negatively to a cautious outlook and indications of margin pressure despite strong growth in bookings and revenue backlog expansions.

Earnings Per Share Miss

$-1.11 vs $-0.92 est.

-20.7% surprise

Revenue Beat

2078000000 vs 1970593000 est.

+5.5% surprise

Market Reaction

1-Day +0.0%

5-Day -2.49%

30-Day -4.05%

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Key Takeaways

Revenue reached approximately $2.1 billion, up 32% quarter-over-quarter and 112% year-over-year.
Contracted power surpassed 1 gigawatt active and 3.5 gigawatts contracted, with most new capacity expected online by end of 2027.
New customer bookings exceeded $40 billion, pushing the contracted revenue backlog near $100 billion.
Pricing across key GPU products (A100s, H100s, H200s, L40s) increased quarter-over-quarter amid near-term capacity sellouts.
The company highlighted ongoing investments to broaden platform capabilities, with software, CPU, and networking ARR expected to surpass $100 million by year-end, but cautious commentary on pace and margins weighed on sentiment.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit CRWV on AllInvestView.

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