CRWV posts record Q3 revenue on surging AI-cloud demand, fueled by major Meta and OpenAI contracts worth $22.4B.
CoreWeave, Inc. remains a dominant, fast-scaling AI cloud infrastructure provider, with strong revenue growth and a massive backlog despite recent stock declines. The company's AI infrastructure dominance is clear, with its revenue backlog nearly doubling to a massive $55.6 billion in the last quarter. The post-earnings dip is attributed to temporary supply chain issues and lowered 2025 guidance, but the fundamental outlook and expansion remain intact.
Wall Street expects more good things from CoreWeave, but the AI cloud vendor is seeing some setbacks.
CoreWeave's shares plunged nearly 9% in premarket trading on Tuesday after it scaled back its annual revenue forecast due to data center hiccups despite strong demand for its artificial intelligence services.
CoreWeave, Inc. ( CRWV ) Q3 2025 Earnings Call November 10, 2025 5:00 PM EST Company Participants Michael Intrator - Co-founder, President, CEO & Chairman Nitin Agrawal - Chief Financial Officer Conference Call Participants Mark Murphy - JPMorgan Chase & Co, Research Division Keith Weiss - Morgan Stanley, Research Division Kasthuri Rangan - Goldman Sachs Group, Inc., Research Division Tyler Radke - Citigroup Inc., Research Division Michael Turrin - Wells Fargo Securities, LLC, Research Division Brent Thill - Jefferies LLC, Research Division Raimo Lenschow - Barclays Bank PLC, Research Division Amit Daryanani - Evercore ISI Institutional Equities, Research Division Brad Zelnick - Deutsche Bank AG, Research Division Bradley Sills - BofA Securities, Research Division Presentation Operator Thank you for standing by. My name is Tina, and I will be your conference operator today.
The cloud-computing company beat revenue and earnings expectations as CoreWeave locked down several large cloud deals in the third quarter.
CoreWeave (NASDAQ:CRWV) reported record revenue for the third quarter as it expanded its backlog amid continued demand for its Cloud-based AI infrastructure. The company posted revenue of approximately $1.36 billion for the quarter, surpassing Wall Street estimates of around $1.29 billion.
CoreWeave (CRWV) is slated to report third-quarter results after the closing bell on Monday, with traders expecting a big post-earnings move for the stock.
CoreWeave has transformed from a crypto miner to one of the most critical infrastructure providers in the AI boom. With demand for AI compute accelerating, CRWV's earnings will be among the closely watched reports on Wall Street.
CoreWeave's stock has tumbled recently, but some analysts think a massive surge in backlogged contracts could spark a comeback.
Cloud platform CoreWeave Inc (NASDAQ:CRWV) is down 6.2% to trade at $107.36, as investors prepare for the company's third-quarter earnings, due out after the close Monday, Nov. 10.
CoreWeave's soaring AI-cloud demand, strategic deals with OpenAI and NVIDIA, and strong growth outlook set the stage for a potential Q3 earnings beat.