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CoreWeave shares slip 8% as quarterly revenue guidance disappoints
CoreWeave shares fell 8% in extended trading on Thursday after the artificial intelligence-focused cloud infrastructure provider delivered light revenue guidance for the current quarter.
CoreWeave's revenue grew 110% year over year in the fourth quarter, according to a statement.
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.
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