CoreWeave (CV) Q4 Revenue $3.66B Tops Estimates, 2026 Guidance Raised
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowCoreWeave reported fourth-quarter revenue of $3.66 billion, exceeding the $3.55 billion expected by analysts. The company posted an adjusted loss per share of 95 cents, compared to the expected loss of $1.16 per share. Despite a net loss of $709 million, CoreWeave's revenue grew 168% from about $1.36 billion a year earlier. The adjusted earnings exclude stock-based compensation.
For 2026, CoreWeave raised its guidance, expecting adjusted operating income between $1.275 billion and $1.375 billion on revenue between $13 billion and $13.3 billion. This revised forecast is above analysts' consensus estimates of $1.07 billion in operating income and $12.86 billion in revenue. The prior 2026 guidance from August projected adjusted operating income ranging from $960 million to $1.15 billion and revenue between $12.4 billion and $13.2 billion.
CoreWeave's stock declined over 40% in the past month amid sector rotation away from AI infrastructure. Rising interest rates have raised concerns about capital access, with some CoreWeave bond yields exceeding 16%. The company plans to finance 2027 mostly through clients' pre-payments, hardware partner financing, and a limited amount of new debt. Management indicated it does not plan to issue additional unsecured parent-level debt through 2027, focusing instead on asset-level secured debt, which remains stable.
This matters because CoreWeave's strong revenue growth and raised guidance demonstrate continued demand in AI infrastructure despite market worries. However, the company's large losses and financing challenges amid rising rates highlight risks investors face regarding capital costs and liquidity.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Our take
Opinion from the Newsstocks AI desk, not investment adviceWe think CoreWeave's strong revenue growth and increased 2026 guidance show solid operational demand despite a challenging capital market. However, ongoing losses and high debt costs could pressure financial flexibility. Future results will reveal how well CoreWeave can manage expenses and funding while growing.
Key numbers
- Q4 Revenue
- $3.66 billion
- Q4 Adjusted Loss per Share
- 95 cents
- 2026 Revenue Guidance
- $13 billion to $13.3 billion
- 2026 Adjusted Operating Income Guidance
- $1.275 billion to $1.375 billion
What could help
- Rising demand for AI infrastructure supports revenue growth and higher guidance.
What could hurt
- High bond yields and rising interest rates raise financing costs and capital access risks.
What to watch next
Fellow neocloud Nebius is scheduled to report earnings.
The background
Companies report quarterly earnings to show financial performance and update future expectations. Guidance signals management's outlook on upcoming revenue and profits.
Questions readers ask
How did CoreWeave's 2026 guidance change?
CoreWeave raised 2026 guidance to $13 billion to $13.3 billion in revenue and $1.275 billion to $1.375 billion in adjusted operating income, above prior estimates.
What are CoreWeave's financing plans amid high bond yields?
CoreWeave plans to fund 2027 mainly through client pre-payments, hardware partner financing, and limited new debt, avoiding additional unsecured parent-level debt.
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