Financial Data and Key Metrics Changes - Revenue for Q2 2025 grew 207% year over year to $1,200,000,000, marking the first quarter with both $1,000,000,000 in revenue and $200,000,000 in adjusted operating income [5][21] - Adjusted operating income for Q2 was $200,000,000, with an adjusted operating income margin of 16% [22] - Net loss for the quarter was $291,000,000, an improvement from a net loss of $323,000,000 in Q2 2024 [23] - Adjusted EBITDA for Q2 was $753,000,000, scaling more than 3x year over year, with an adjusted EBITDA margin of 62% [24] - Capital expenditures (CapEx) in Q2 totaled $2,900,000,000, up over $1,000,000,000 quarter over quarter [25] Business Line Data and Key Metrics Changes - The company ended Q2 with $30,100,000,000 in contracted backlog, up $4,000,000,000 from Q1 and doubling year to date [6][21] - Significant growth was noted in the VFX cloud service product, with a fourfold increase in usage [7] - Expansion contracts were signed with both hyperscale customers, indicating strong demand across various sectors [20] Market Data and Key Metrics Changes - The company is experiencing unprecedented demand for AI cloud services, with a structurally undersupplied market [5][20] - Increased adoption in sectors such as healthcare, finance, and media is driving demand for specialized cloud infrastructure [9][10] - The company is expanding its footprint to meet intensifying demand signals from customers [6] Company Strategy and Development Direction - CoreWeave is focused on vertical integration to enhance operational efficiencies and reduce costs, exemplified by the proposed acquisition of Core Scientific [16][18] - The company aims to scale its infrastructure rapidly to meet customer demand, with plans to deliver over 900 megawatts of active power by year-end [6][31] - Investments in data center infrastructure are being prioritized to support growth and meet the evolving needs of customers [15][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strong demand for AI services, despite a structurally supply-constrained environment [20][29] - The company anticipates Q3 revenue in the range of $1,260,000,000 to $1,300,000,000, with adjusted operating income between $160,000,000 to $190,000,000 [29][30] - Full-year revenue guidance has been raised to a range of $5,150,000,000 to $5,350,000, driven by ongoing strong customer demand [31] Other Important Information - The company has successfully raised $6,400,000,000 in the capital markets, reducing its cost of capital [20][27] - A new flexible capacity product is being introduced to help customers manage demand more effectively [12] Q&A Session Summary Question: Renewal of hyperscaler contracts and achieving better return on assets - Management focuses on expansion rather than renewals, indicating confidence in continued business with hyperscaler clients [40][41] - Cost savings and operational efficiencies are being pursued through acquisitions and disciplined scaling [42][43] Question: Demand and supply dynamics - The company is experiencing significant demand for both training and inference workloads, with supply constraints primarily at the power level [47][51] - Management maintains that the market is structurally supply constrained, impacting the ability to meet demand [68] Question: Government interest in AI data centers - Various governments are exploring partnerships for AI infrastructure, with differing levels of openness to US-based providers [56][57] Question: Backlog figures and future expectations - The $30,100,000,000 backlog reflects significant demand, with large contracts expected to move the needle in the future [84][85] Question: Repurposing older GPU clusters - Older GPU clusters are being successfully recontracted for additional terms, primarily for inference workloads [88] Question: CapEx timing and cost implications - CapEx is expected to ramp up in Q4, with costs incurred ahead of revenue generation due to infrastructure deployment [96][98]

Financial Performance - Revenue reached $1.213 billion, a 207% year-over-year increase, driven by strong demand for the company's AI Cloud Platform[9, 14, 15] - Adjusted EBITDA was $753 million, a threefold increase compared to Q2'24, with a margin of 62%[9, 22] - Adjusted operating income was $200 million, up 134% year-over-year, representing a 16% margin[9, 17, 18] - Adjusted net loss was $(131) million, with a margin of (11)%[9, 11, 21] Capital Expenditure and Infrastructure - Capital expenditures totaled $2.9 billion, the highest in the company's history, reflecting continued investment in scaling the platform[10, 27, 30] - The company has 33 data centers with ~470MW active power and ~2.2GW contracted power[32] Revenue Backlog - Revenue backlog reached $30.1 billion, an 86% year-over-year increase, driven by strategic deals and contract expansions[9, 23, 24, 26] - The revenue backlog increased 2x year-to-date[26] - 40% of the revenue backlog is expected to be recognized within 24 months, 45% between 25-48 months, and 15% between 49-72 months[24]

Core Financial Performance - CoreWeave reported a revenue of $1.21 billion for the second quarter, exceeding expectations of $1.08 billion, and more than tripling from $395.4 million a year earlier [1][5] - The company registered a net loss of $290.5 million, an improvement from a loss of $323 million in the same quarter of 2024 [1][2] - The operating margin decreased to 2% from 20% a year ago, primarily due to $145 million in stock-based compensation costs [2] Business Developments - CoreWeave highlighted an expansion in its business relationship with OpenAI, a significant client and investor [2] - The company acquired Weights and Biases, a startup focused on AI model monitoring, for $1.4 billion [2] Market Performance - CoreWeave shares fell approximately 6% in extended trading despite the strong revenue performance [1] - The stock was trading at $148.75, resulting in a market capitalization of over $72 billion, following its IPO where it raised $1.5 billion by selling 37.5 million shares at $40 each [3] Future Outlook - A data center project with a capacity of up to 250 megawatts is scheduled for delivery in 2026 [4] - Management will discuss the financial results and provide guidance during a conference call [4]

CoreWeave Reports Strong Second Quarter 2025 Results Record Second Quarter Revenue Underscores Robust Demand and Strong Execution LIVINGSTON, N.J., – August 12, 2025 – CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today reported financial results for the second quarter ended June 30, 2025. "Our strong second quarter performance demonstrates continued momentum across every dimension of our business," said Michael Intrator, Co-Founder, Chairman of the Board and Chief Executive Officer, CoreWeave. "We a ...

Core View - CoreWeave Inc (CRWV) has experienced a significant increase of over 250% year-to-date, maintaining a strong upward trend as it approaches its second quarter earnings report [1] Stock Performance - CoreWeave's stock is currently priced at $143.60 per share, well above its major moving averages, indicating strong buying pressure and positive momentum [2] - The eight-day simple moving average is at $120.78, the 20-day at $120.85, and the 50-day at approximately $140.68, all suggesting bullish signals [2] - The MACD indicator is at -1.72, having crossed over the signal line, which supports a bullish outlook and indicates potential stabilization before another surge [3] - The Relative Strength Index (RSI) is at 60.01, suggesting that the stock is neither overbought nor oversold, allowing for further upside potential [3] Earnings Expectations - Analysts predict a loss of 17 cents per share on revenue of approximately $1.08 billion, reflecting CoreWeave's substantial investment in its proprietary cloud platform aimed at AI applications [4] - The earnings report is seen as a critical checkpoint for CoreWeave to demonstrate its ability to convert technological advancements into sustained financial growth [5] Market Outlook - The technical indicators and market demand for AI innovation suggest that CoreWeave's upward trend may continue, but the earnings report will be the definitive test [6] - A strong earnings performance and positive guidance could propel shares towards the 52-week high of $187, while any disappointment could lead to short-term challenges for the stock [6]

Core Viewpoints - CoreWeave's IPO was undersubscribed and priced below its target at $40, with Nvidia providing support [1] - The stock experienced significant volatility, peaking with a gain of over 300% before falling more than a third due to valuation concerns [2] - The company is seen as a battleground stock with strong arguments for buying, selling, or holding ahead of its earnings report [3] Buy Arguments - CoreWeave's revenue surged by 420% to $981.6 million, indicating strong demand for AI computing power [4] - The company has secured substantial financial backing, including a $1.75 billion debt offering and a $2.6 billion debt facility, enhancing its capacity for expansion [6] - CoreWeave's customer base includes major AI players like OpenAI, Microsoft, Meta Platforms, and Alphabet, which supports its growth potential [7] Sell Arguments - CoreWeave is currently unprofitable, with operating losses of $27.5 million and significant interest expenses of $263.8 million on nearly $9 billion in debt [8] - The company's business model relies on continuously updating data centers with new GPUs, posing a risk of financial strain [9] - The 9% interest rate on its latest debt indicates that lenders view the company as a high-risk borrower [9] Hold Arguments - The macroeconomic environment and semiconductor industry issues complicate the assessment of CoreWeave's valuation [10] - Investors may benefit from waiting for more clarity on the company's prospects after additional earnings reports [11] - Holding CoreWeave may be prudent given its volatility and potential for future growth if it can manage its losses [12]

Core Company Insights - CoreWeave (NASDAQ: CRWV) is scheduled to report its Q2 earnings on August 12, which is anticipated to be a volatile event due to the stock's recent performance [1] - From July 10 to July 30, CoreWeave's stock experienced a significant downward trend, indicating potential instability in its market performance [1] Analyst Background - The writer has a technical background with over five years of experience at Amazon, focusing on large-scale distributed systems and backend architecture, which informs their analysis of tech companies [1] - The current role involves working at a tech firm that develops algorithmic trading platforms and low-latency infrastructure, providing insights into market operations and trading technology [1]

CoreWeave, Inc. CRWV )) the AI-focused cloud infrastructure provider, is set to deliver its second-quarter earnings after the market closes on Tuesday. CoreWeave stock has climbed more than 30% over the past five days as investors anticipate the report. CRWV stock is up today. Track live prices here.Can CoreWeave Achieve Its Billion-Dollar Quarter?Investors and analysts are watching the rapidly expanding firm as it approaches its first-ever billion-dollar quarter. Consensus revenue estimates are around $1.0 ...

Core View - CoreWeave (CRWV.US) stock price increased over 7%, reaching $138.52 as of the report [1] - The company is set to release its Q2 2025 financial report after August 12, with analysts predicting a loss of $0.20 per share and revenue of approximately $1.08 billion [1] - Key market focus areas include GPU resource utilization, customer concentration risk, and the impact of the CoreScientific (CORZ.US) acquisition on cash flow [1]

智通财经APP获悉，周一，"英伟达亲儿子"CoreWeave(CRWV.US)股价走高，截至发稿，该股涨超7%， 报138.52美元。该公司将于8月12日后公布最新的2025年Q2财报。分析师预计其每股亏损0.20美元，营 收约10.8亿美元。市场将重点关注GPU资源利用率、客户集中度风险及对CoreScientific(CORZ.US)收购 案对现金流的影响。 ...