What was CoreWeave's financial performance in the fourth quarter?

CoreWeave reported a fourth-quarter loss of 89 cents per share, which was wider than the analyst estimate of 72 cents, while revenue reached $1.57 billion.

How much capital expenditure is CoreWeave planning for 2026?

CoreWeave plans to spend between $30 billion and $35 billion on capital expenditures in 2026, a figure higher than anticipated by analysts.

What is CoreWeave's financial situation regarding debt and cash flow?

CoreWeave has significantly increased its borrowing, with an adjusted leverage of about 6.9 times as of September 30, 2025, and is expected to burn cash for at least 18 months due to heavy capital expenditures.

Home / Business and Economy / CoreWeave's Spending Surge Sparks Investor Jitters

CoreWeave's Spending Surge Sparks Investor Jitters

27 Feb

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Summary

CoreWeave reported a larger loss than anticipated, raising concerns.
The AI data center operator announced a significant boost in capital expenditures.
The company's shares saw a notable drop in late trading following the announcement.

CoreWeave's Spending Surge Sparks Investor Jitters

CoreWeave Inc. saw its shares drop as much as 13% in late trading on February 27, 2026, following its fourth-quarter earnings report. The company announced a wider-than-expected loss of 89 cents per share, surpassing the average analyst estimate of 72 cents. Revenue for the quarter reached $1.57 billion, slightly above the predicted $1.55 billion.

Further unsettling investors, CoreWeave projected capital expenditures for 2026 to be between $30 billion and $35 billion, a figure higher than anticipated. This expansion drive comes as the AI data center provider, known as a 'neocloud,' rents out powerful chips and computing resources to major clients including OpenAI, Meta Platforms, and Microsoft Corp.