Overview
- Shares fell Friday after the company projected second‑quarter revenue of $2.45 billion to $2.60 billion versus the $2.69 billion consensus.
- CoreWeave reported first‑quarter revenue of $2.08 billion, topping estimates with 112% growth, but the net loss widened to $740 million.
- Interest expense reached $536 million for the quarter as total debt approached $25 billion following large 2026 debt and equity raises.
- Management lifted full‑year capital spending to $31 billion to $35 billion to accelerate new data centers built around Nvidia GPUs.
- Contracted backlog grew to about $99.4 billion in what management called its strongest bookings quarter, and analysts praised demand while warning results could stay lumpy and volatile.