CoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours (Jordan Novet/CNBC)
CoreWeave posted $2.08B Q1 revenue (112% YoY) with a $99.4B backlog but guided Q2 below estimates, sending shares down 8%+ after hours.
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<a href="https://www.cnbc.com/2026/05/07/coreweave-crwv-q1-earnings-report-2026.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260507/i45.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260507/p45#a260507p45" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jordan Novet / <a href="http://www.cnbc.com/">CNBC</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/05/07/coreweave-crwv-q1-earnings-report-2026.html">CoreWeave reports Q1 revenue up 112% YoY to $2.08B, vs. $1.97B est., a $99.4B revenue backlog, forecasts Q2 revenue below estimates; CRWV drops 8%+ after hours</a></b></span> — CoreWeave shares tumbled 10% in extended trading on Thursday after the AI infrastructure provider issued light revenue guidance … </p>
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