CoreWeave revenue, guidance lift shares after five straight record quarters
AI infrastructure provider CoreWeave reports fifth consecutive quarter of record revenue and raises full-year outlook, sending shares higher.
CoreWeave Inc. shares surged on Tuesday after the AI infrastructure provider reported its fifth straight quarter of record revenue and raised its full-year guidance, underscoring strong demand for its high-performance computing services.
The company, which specializes in GPU-powered cloud solutions for artificial intelligence workloads, posted revenue of $421 million for the quarter ended March 31, up 116% from a year earlier and exceeding the $390 million consensus estimate compiled by Refinitiv. Net income came in at $45 million, compared with a $12 million loss in the same period last year.
CoreWeave also raised its 2025 revenue guidance to a range of $1.8 billion to $1.9 billion, up from its prior forecast of $1.6 billion to $1.7 billion. The company attributed the upward revision to accelerating adoption of AI applications across industries, including enterprise software, healthcare and finance.
Analysts at Wedbush maintained an Outperform rating on CoreWeave, citing the company’s strong execution and expanding market share in the AI infrastructure space. The stock was last up 8% at $142 in premarket trading, following a 12% gain during regular hours on Monday.
CoreWeave’s rapid growth reflects broader trends in the AI sector, where demand for specialized computing power continues to outpace supply. The company’s focus on high-end GPU clusters has positioned it as a key beneficiary of the generative AI boom, though competition from cloud giants such as Amazon Web Services and Microsoft Azure remains a risk.
The company is scheduled to hold an earnings call on Wednesday to discuss the results in further detail.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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