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

You May Also Be Interested In

• Midera Food Processing and Centrus Energy to join S&P SmallCap 600
• JPMorgan Starts Kanzhun Ltd (2076:HK) at Overweight
• JPMorgan Assumes Kanzhun Ltd. (BZ) at Overweight