By Luke Kawa
Publication Date: 2026-05-07 19:12:00
CoreWeave sinks after offering weak Q2 sales guidance
CoreWeave tumbled in postmarket trading after management unveiled soft Q2 guidance that failed to justify the stock’s 86% rally since late March.
In Q1, the neocloud firm reported:
While its revenue beat was only a little north of 5%, the figure surpassed all of the 32 analyst estimates compiled by Bloomberg.
During the conference call, management offered Q2 sales guidance of $2.45 billion to 2.6 billion, below the expected $2.7 billion. The outlook for adjusted operating income of $30 million to $90 million was also short of the consensus call for $153.9 million.
As of March 31, CoreWeave’s revenue backlog was a whopping $99.4 billion, up from $66.8 billion in the prior quarter.
“We surpassed 1 GW of active power and believe we are well on our way to more than 8 GW by 2030, having positioned our capital structure to scale with the opportunity ahead,” said CEO, cofounder, and Chairman Michael Intrator in a press release. “AI…
