CoreWeave (CRWV) guides higher Q2 and FY revenues
CoreWeave (NASDAQ: CRWV) guides higher Q2 and FY revenues
- Company expects Q2 revenues of $1.06-1.1 billion, higher than analyst expectations of $986.7 million
- Expects FY 2025 revenues of $4.9-5.1 billion, higher than analyst expectations of $4.61 billion
- Additionally, CoreWeave executives hinted at a $4 billion expansion agreement with a large AI enterprise
- Executives also said the company has raised $21 billion to expand infrastructure and data center capacity
- Importantly, company said it expects Q2 CapEx of $3-3.5 billion, which sent shares down