Overview
- CoreWeave reports third-quarter results after the close on Nov. 10, with analysts expecting roughly $1.28–$1.30 billion in revenue and a per-share loss in the range of about $0.36–$0.51.
- Shares dropped about 22% last week during a broader AI selloff that followed cautious macro signals and reports of Michael Burry’s put positions against other AI names, though the stock remains up roughly 160% in 2025.
- Analysts project an operating margin near 14.3% for the quarter, down from more than 21% a year earlier, reflecting stepped-up spending to expand data-center capacity.
- Capital expenditures are rising faster than revenue, with Bloomberg Intelligence cited as estimating that a large portion could land in the fourth quarter, potentially approaching $14 billion.
- Investor focus includes customer concentration in Meta, Microsoft and Alphabet, updates on backlog and recurring purchasing orders that Jefferies projects could double to about $60 billion, and the recently announced CrowdStrike partnership to secure CoreWeave’s AI cloud.