CoreWeave's Q1 Revenue Surges 112% Year-Over-Year to $2.08B, Exceeding $1.97B Estimates; $99.4B Revenue Backlog, Q2 Revenue Forecast Below Expectations; CRWV Falls Over 8% in After-Hours Trading (Jordan Novet/CNBC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Techmeme
Q1 Revenue Growth: Core Weaver reported a 112% year-over-year increase in Q1 revenue, reaching $2.08 billion compared to $1.97 billion in the previous year.
Revenue Backlog: The company has a revenue backlog of $99.4 billion, indicating strong future earnings potential.
Q2 Revenue Forecast: Forecasts for Q2 revenue are below estimates, suggesting potential challenges ahead.
Stock Performance: Core Weaver's shares fell by 10% in extended trading after the AI infrastructure provider issued light revenue guidance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
