CoreWeave (NASDAQ:CRWV) shares tumbled Friday, after the artificial intelligence-focused cloud infrastructure provider delivered light revenue guidance for the current quarter.
The company reported as loss per share of 89 cents, on revenue of $1.57 billion vs. $1.55 billion expected
CoreWeave’s revenue grew 110% year over year in the fourth quarter.
The company called for $1.9 billion to $2 billion in first-quarter revenue, below the $2.29 billion LSEG consensus.
For all of 2026, CoreWeave sees $12 billion to $13 billion in revenue. Analysts polled by LSEG had anticipated $12.09 billion.
Nvidia graphics chips, which lie at the core of CoreWeave’s offering, remain in short supply, CoreWeave CEO Mike Intrator said on a conference call with analysts. Average prices for Nvidia’s H100 processors in the fourth quarter were within 10% of where they started the year, and older A100 prices increased in 20205, Intrator said.
CoreWeave had 850 megawatts in active power capacity at the end of the year, while contracted power stood at 3.1 gigawatts. Analysts polled by LSEG had been projecting about 827 megawatts in active power.
CRWV shares dumped $14.25, or 4.6%, to $83.38.
