CoreWeave Forecasts Q1 Revenue Below Estimates, Posts 110% Surge to $1.57B
CoreWeave reported a Q4 adjusted loss of $0.56 per share and a net loss of $452 million, while revenue surged 110% to $1.57 billion. The company guided Q1 revenue at $1.9–2.0 billion—below $2.29 billion consensus—planned $30–35 billion capex in 2026 and holds 850 MW capacity with $66.8 billion backlog.
1. Fourth-Quarter Financial Results
CoreWeave posted a fourth-quarter adjusted loss of $0.56 per share and a net loss of $452 million while revenue jumped 110% to $1.57 billion year-over-year.
2. First-Quarter and Full-Year Guidance
The company forecast first-quarter revenue between $1.9 billion and $2.0 billion, below the $2.29 billion consensus, and projected full-year 2026 sales of $12 billion to $13 billion.
3. Capital Expenditure Increase
Capital expenditures are set to rise to $30 billion–$35 billion in 2026, up from $10.31 billion last year, to fund data center construction and additional AI computing capacity.
4. Infrastructure Capacity and Backlog
CoreWeave ended the year with 850 MW of active power capacity and holds a revenue backlog of $66.8 billion, reflecting robust long-term demand for its AI infrastructure services.