Benzinga·2025-11-11 11:00Core Points - CoreWeave Inc's shares fell 8.72% in pre-market trading after the company reduced its annual revenue forecast for 2025 [1] - The company now projects 2025 revenue between $5.05 billion and $5.15 billion, down from a previous estimate of $5.15 billion to $5.35 billion due to delays at a third-party data center partner [2] - Despite the revenue forecast cut, the CFO stated that the delays are temporary and the customer has agreed to adjust the delivery schedule to maintain capacity and uphold the original agreement [3] Financial Performance - CoreWeave reported Q3 revenue of $1.36 billion, surpassing analyst expectations of $1.29 billion, with an adjusted loss per share of eight cents compared to an estimated loss of 37 cents [3][4] - The company ended the quarter with a revenue backlog of $55.6 billion, nearly double the previous figure, and operating expenses of $1.31 billion [4] - CoreWeave concluded the quarter with approximately $1.89 billion in cash and cash equivalents [4] Growth Outlook - A digital infrastructure analyst predicts CoreWeave's revenue could nearly quintuple to the "mid-$20s billion" by 2028, highlighting its rapid growth in the AI infrastructure sector [5] - In October, CoreWeave announced a partnership with Poolside to provide Nvidia GB300 NVL72 systems and cloud solutions for Poolside's AI campus project in West Texas [6] Stock Performance - Year-to-date, CoreWeave's stock has surged 164.03%, closing at $105.61 after a 1.54% increase on Monday [7]