Overview
- CoreWeave reported Q1 revenue of $2.08 billion, well above forecasts, but a GAAP loss of $1.40 per share was wider than the expected $0.92 loss and the stock fell more than 11% after the release.
- Magnetar Financial, a holder of more than 10% of the company, disclosed roughly $370.45 million in share sales executed the same day the results were posted, with insider disposals over three months totaling about $1.9 billion.
- Management said contracted revenue backlog reached about $99.4 billion and active power surpassed one gigawatt, underscoring multi‑year customer commitments for AI compute capacity.
- The company reaffirmed 2026 revenue guidance of $12 billion to $13 billion and lifted its year‑end annualized run‑rate target, while detailing an aggressive buildout funded by large debt facilities including an $8.5 billion term loan.
- Analyst views remain mixed but mostly positive, with DA Davidson keeping a Buy and a $175 target and Bank of America raising its target to $140, as shares showed a modest rebound in recent trading around $111.