CoreWeave Shares Slide 6% After Weak Guidance, Lifts 2026 Capex Floor to $31B
CRWV•CoreWeave shares fell 6% premarket Friday after the company issued revenue guidance below expectations for its upcoming quarter. It raised its 2026 capex forecast lower bound to $31 billion from $30 billion (upper bound held at $35 billion), reflecting sustained aggressive AI-driven data-center investment.
1. Premarket Decline and Weaker Guidance
CoreWeave shares dropped about 6% in premarket trading after management lowered revenue guidance for the next quarter below analyst projections. The revision underscores cautious demand expectations despite robust AI infrastructure sales growth earlier in the year.
2. Capex Increase to Meet AI Infrastructure Demand
The company boosted the lower end of its 2026 capital expenditure outlook to $31 billion from $30 billion, while maintaining the upper bound at $35 billion. The move highlights aggressive data-center build-out to support surging AI workloads but could pressure near-term free cash flow.
