CoreWeave shares plunge after Q4 losses, revenue outlook misses estimates

Proactive

Fri, February 27, 2026 astatine 9:35 AM CST 1 min read

CoreWeave Inc. (NASDAQ: CRWV) shares tumbled 17.6% connected Friday aft the unreality computing institution reported wider-than-expected fourth-quarter losses and provided a cautious gross forecast for the archetypal quarter.

The institution posted Q4 gross of $1.572 billion, somewhat supra Wall Street expectations of $1.55 billion.

However, net per stock came successful astatine a nonaccomplishment of $0.89, acold beneath the estimated nonaccomplishment of $0.21. Adjusted EBITDA for the 4th reached $898 million.

CoreWeave’s full gross backlog stood astatine $66.8 billion, underpinned by the company’s expanding information halfway operations. In the quarter, CoreWeave added astir 260 megawatts of progressive powerfulness capacity, bringing its full to much than 850 MW, with full contracted powerfulness reaching 3.1 GW.

Despite maturation successful infrastructure, the institution reported a nett nonaccomplishment of $452 million, with an adjusted nett nonaccomplishment of $284 million.

Looking ahead, CoreWeave expects first-quarter gross successful the scope of $1.9 cardinal to $2 billion, beneath analysts’ statement of $2.2 billion. The institution anticipates exiting 2026 with $17 cardinal to $19 cardinal successful annualized run-rate revenue, and much than $30 cardinal exiting 2027.

Shares fell sharply connected the net release, reflecting capitalist concerns implicit the widened losses and softer near-term income guidance, contempt the company’s semipermanent maturation prospects successful the high-demand unreality computing and GPU infrastructure market.