CoreWeave (CRWV) Prepares to Announce Q3 Earnings: Key Expectations

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ago 3 hours

CoreWeave (CRWV) Prepares to Announce Q3 Earnings: Key Expectations

CoreWeave (CRWV), an AI-focused cloud computing company, is set to announce its Q3 earnings on November 10. The market has been keenly observing the firm since its successful IPO earlier this year, which raised significant capital.

Performance Overview

Following its IPO, CoreWeave’s stock has seen impressive growth, increasing nearly 186% from its initial price of $40. However, recent market fluctuations have raised some concerns.

Expected Financial Results

Projected Loss: Analysts anticipate a loss of $0.40 per share.
Estimated Revenue: Revenue is expected to reach approximately $1.29 billion.

Revenue Growth Trends

CoreWeave’s revenue has shown consistent growth, climbing from $395 million in Q2 2024 to $1.2 billion in Q2 2025. Despite these gains, the company is still operating at a loss.

Backlog and Demand

The company boasts a revenue backlog of $30.1 billion as of Q2 2025, indicating strong ongoing demand for its services. However, analysts are highlighting several risks.

Concerns and Market Reactions

Valuation Issues: Concerns regarding the stock’s high valuation persist.
Debt Levels: Analysts have noted elevated debt levels.
Customer Dependence: There is significant reliance on major clients, including Microsoft (MSFT).

Recent Developments

On November 5, CoreWeave announced a partnership with CrowdStrike (CRWD) to create a secure AI cloud, aiming to enhance the safety and efficiency of AI operations.

Prior to this, a proposed $9 billion all-stock acquisition of Core Scientific (CORZ) was rejected by shareholders, citing concerns that the offer undervalued the company. Despite this setback, CoreWeave chose not to adjust its bid.

Analyst Insights

Mizuho Securities analyst Gregg Moskowitz assessed that the failed acquisition will have negligible long-term effects on CoreWeave. He maintains a “Hold” rating with a price target of $150, suggesting about 14.5% upside potential.

Stock Movement Predictions

Options traders expect a notable move of approximately 16.17% in either direction following the Q3 earnings report. This reflects market anticipation regarding the outcomes of CoreWeave’s financial performance.

Investment Outlook

Currently, the consensus rating for CoreWeave among Wall Street analysts is “Hold,” supported by 12 Buy ratings, eight Holds, and one Sell recommendation. The average price target of $146.65 implies potential upside opportunities for investors.