CoreWeave三季度营收13.6亿美元超预期，建设缓慢导致下调全年营收指引，股价盘后重挫6%

Core Financial Performance - CoreWeave reported Q3 revenue of $1.36 billion, a 134% year-over-year increase, exceeding the expected $1.29 billion [3][4] - The company experienced a net loss of $110 million, significantly reduced from a net loss of $359 million in the same period last year [3][4] - Operating profit margin was only 4%, below the expected 6.5% and lower than the previous year's margin [3][4] Revenue Guidance and Order Backlog - The revenue guidance for 2025 was lowered from a previous high of $5.35 billion to a range of $5.05 billion to $5.15 billion, below analyst expectations of $5.29 billion, primarily due to delays from a third-party data center contractor [3][4] - The company's order backlog reached $55.6 billion, nearly double that of the previous quarter [4][5] - Significant contracts include a $14.2 billion six-year agreement with Meta and an expanded $6.5 billion agreement with OpenAI [4][5] Capital Expenditure and Growth Strategy - CoreWeave's CEO indicated that the company is facing constraints due to a shortage of "powered-shell" data centers for rapid deployment [5] - Following a failed acquisition of Core Scientific, CoreWeave is accelerating its own data center construction, particularly in Pennsylvania [5] - The projected capital expenditure for 2026 is expected to exceed double that of 2025's estimated $12-14 billion, raising concerns about the aggressive investment pace relative to anticipated revenue [5]