CoreWeave beats on revenue and lifts guidance, easing AI slowdown concerns

CoreWeave CEO Mike Intrator attends an interview with CNBC on the floor at the New York Stock Exchange in New York on Sept. 22, 2025.

Jeenah Moon | Reuters

CoreWeave shares climbed in extended trading on Tuesday after the neocloud reported higher quarterly revenue than expected.

The earnings announcement lands at a particularly volatile moment for CoreWeave and its neocloud peers, as the market sours on the artificial intelligence trade and as Nvidia CEO Jensen Huang, the central figure in the AI buildout, faces a scandal tied to an affair with an alleged Chinese spy.

Here's how the company performed relative to LSEG consensus:

• Loss: Adjusted loss of $1.27
• Revenue: $3.66 billion vs. $3.55 billion expected

It is not immediately clear if the loss per share is comparable with the LSEG consensus loss of $1.16

CoreWeave's revenue soared 168% from $1.36 billion a year earlier, according to a statement. The company recorded a net loss of $709 million, or $1.27 per share, compared to a net loss of $110 million a year earlier. Adjusted earnings exclude stock-based compensation.

Executives pushed up their forecast for all of 2026. They now see $1.275 billion to $1.375 billion in adjusted operating income on $13.0 billion to $13.3 billion in revenue. Analysts surveyed by Visible Alpha were looking for $1.07 billion in adjusted operating income, and analysts polled by LSEG had expected $12.86 billion in 2026 revenue. In August, the company projected $960 million to $1.15 billion in adjusted operating income and $12.4 billion to $13.2 billion in revenue.

CoreWeave has lost over 40% of its value in the past month, as investors rotate out of companies most closely tied to AI infrastructure. Rising interest rates have pushed lenders out of the market, raising concerns about ongoing access to capital. Some CoreWeave bond yields recently topped 16%.

Fellow neocloud Nebius, whose stock is down by a similar amount, is scheduled to report earnings on Thursday.

WATCH: Cramer's Mad Dash: CoreWeave