Overview
- CoreWeave, which reported first‑quarter results Thursday, posted $2.08 billion in revenue that topped estimates and a $740 million net loss.
- Management guided second‑quarter revenue to $2.45 billion to $2.60 billion, below the $2.69 billion Wall Street consensus, and the stock fell about 5% to 7% Friday morning.
- The company’s contracted revenue backlog reached $99.4 billion after more than $40 billion in new customer commitments during the quarter.
- Full‑year capital spending was raised to $31 billion to $35 billion after nearly $7 billion in Q1 outlays, and total debt stood at roughly $25 billion.
- Contracted power capacity rose to about 3.5 gigawatts and 10 customers have $1 billion‑plus commitments, reflecting broad demand for its Nvidia‑based AI cloud.