CoreWeave (NASDAQ:CRWV) shares fell almost 13% after the cloud infrastructure provider lowered its full-year 2025 guidance, even as its third quarter results topped Wall Street estimates. The company now expects 2025 revenue of $5.05 billion to $5.15 billion, down from a prior range of $5.15 billion to $5.35 billion, due to timing and capacity delays with a third-party data center vendor.
Shares in CoreWeave Inc are sinking this morning after the company revealed its third-quarter 2025 results yesterday.
CoreWeave (NASDAQ: CRWV) recently reported Q3 earnings that showed negative EPS of 22 cents and revenue of $1.36 billion, which beat analysts' expectations of $1.29 billion.
Although CoreWeave's stock fell after news of the delay, the company's revenue backlog continues to grow.
Nebius Group N.V.'s Q3 earnings outperformance has reinforced its position as one of the most operationally disciplined contenders in the neocloud business, delivering sustained scalability and margin expansion despite inherent capital intensity. The company's organic growth trajectory remains well supported by sustained expansion of multi-year hyperscaler partnerships, including the latest multi-year $17 billion agreement with Microsoft and $3 billion with Meta. Adjacent capacity expansion across Europe and the U.S., alongside new initiatives like Nebius Token Factor are expected to enhance utilization and capital efficiency, reinforcing recoverability on fast-depreciating GPU assets.
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.