CoreWeave’s shares fell sharply on Wednesday, dropping 20% after the company posted a quarterly loss that exceeded analyst expectations. The AI data center rental firm reported an adjusted loss of $0.27 per share in its second quarterly results as a public company, compared to the $0.21 per share loss analysts surveyed by LSEG had anticipated.
The disappointing earnings come at a potentially volatile time for the stock. The lock-up period following CoreWeave’s IPO is set to expire Thursday evening, which could lead to increased selling pressure from insiders who will be able to trade their shares for the first time since the company’s market debut.
Key Points from CoreWeave’s Earnings Report
-
Stock fell 20% after a wider-than-expected loss.
-
Adjusted loss: $0.27 per share vs. $0.21 expected.
-
IPO lock-up expiration set for Thursday evening.
-
Q3 revenue forecast: $1.26–$1.30 billion vs. $1.25 billion expected.
-
2025 revenue guidance raised to $5.15–$5.35 billion from $4.9–$5.1 billion.
Latest News for You
-
CoreWeave Shares Drop 20% on Wider Loss Ahead of IPO Lock-Up Expiration
-
A-Level Results 2025: Boys Secure More Top Grades Than Girls for First Time Since 2018
-
Crowds Gather in Falmouth Bay for Spectacular Red Arrows Display
-
Facebook Users Face Login Issues Amid ‘Advanced Protection’ Screen Glitch
-
Pakistan Marks 79th Independence Day with Calls for Unity and Resolve
Analysts at Stifel noted they remain positive on CoreWeave’s long-term outlook but warned that the lock-up expiration and potential dilution related to the recent Core Scientific acquisition could limit near-term gains.
Core Scientific shares also slipped, falling 7% on Wednesday.
Looking ahead, CoreWeave expects revenue between $1.26 billion and $1.30 billion in the current quarter, slightly above market forecasts. For 2025, the company raised its revenue guidance to between $5.15 billion and $5.35 billion, topping earlier projections and analyst estimates.