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CoreWeave Revenue Jumps 127% as Stock Slides 11%

5/9/2026

29 5 Full Breakdown

Summary

CoreWeave Revenue Surge

CoreWeave Inc. posted Q1 2026 results on May 7 2026 and its stock fell 11.4%.
Revenue rose to $2.08 billion, up 127% year-over-year, while loss per share was $1.40.
The order backlog expanded to nearly $100 billion, with over $40 billion in new commitments.
Analysts kept a neutral rating with a $105 target and a buy rating with a $140 target.
Debt stood at $6.7 billion current and $14.6 billion non-current, total liabilities were $45.9 billion.

Summary

CoreWeave Raises Forecast

CoreWeave raised the low end of its 2026 capital-expenditure forecast to $31 billion, up from $30 billion, because component prices increased.
The company secured a $21 billion cloud-capacity pledge from Meta and a $6 billion contract with Jane Street.
More than 400 MW of new contracted power raised total capacity above 3.5 GW.
CFO Nitin Agrawal said margin pressure is timing-based, with costs booked before new revenue arrives.

History

Historical Context

Amazon launched its cloud platform, AWS, in 2006, offering services like S3 and EC2 that attracted early adopters such as Netflix, which began migrating its streaming library in 2008 and completed the move by 2016. The rapid growth—AWS revenue reached $46 billion by 2020—spurred rivals such as CoreWeave, which has emerged as a cloud competitor.

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CoreWeave Revenue Surge

CoreWeave Inc. posted Q1 2026 results on May 7 2026 and its stock fell 11.4%.
Revenue rose to $2.08 billion, up 127% year-over-year, while loss per share was $1.40.
The order backlog expanded to nearly $100 billion, with over $40 billion in new commitments.
Analysts kept a neutral rating with a $105 target and a buy rating with a $140 target.
Debt stood at $6.7 billion current and $14.6 billion non-current, total liabilities were $45.9 billion.

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