Add as a preferred source on GoogleCoreWeave’s Q3 Preview Focused on Its $12.4 Billion Revenue Forecast
Pre-report forecasts put quarterly revenue at $3.54 billion and the per-share loss at $1.54. CoreWeave also expected active power capacity to exceed 1.85 gigawatts by year-end.
Ahead of its Nov. 10 third-quarter report, CoreWeave faced forecasts of $3.54 billion in revenue and a $1.54-per-share loss, setting expectations for sales and profitability.
CoreWeave’s full-year revenue forecast had a $12.4 billion floor. With $4.65 billion booked in the first half, reaching that mark required another $7.75 billion in the second half.
The company had forecast third-quarter revenue of $3.45 billion to $3.60 billion. Revenue was $1.36 billion in the same quarter a year earlier.
CoreWeave’s active power capacity had reached 1.5 gigawatts at the end of June, and the company expected it to exceed 1.85 gigawatts by year-end.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.