CoreWeave (CW) Stock Falls 10% on Weak Revenue Guidance, Rising Costs

AI Summary

CoreWeave (CW) shares declined by as much as 10% in after-hours trading following the release of weak revenue guidance and higher spending forecasts for 2026. The company reported an adjusted loss of $1.12 per share, compared to the expected loss of $0.90. Revenue for the quarter was $2.08 billion, surpassing expectations but lower than LSEG consensus for future quarters. Operating expenses significantly increased, with technology costs rising 127% to $1.27 billion amid competition from larger cloud providers. CoreWeave anticipates $12 billion to $13 billion in sales for 2026 and has raised over $20 billion in debt and equity this year.