CoreWeave Q3 earnings: What to expect

[Cloud Based Artificial Intelligence Computing Company CoreWeave Has IPO On Nasdaq Exchange]
Michael M. Santiago

CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) is set to report its quarterly results after the bell on Monday, with the multibillion deals that it signed during the third quarter reaffirming strong AI demand and growth momentum.

The AI cloud-computing firm is expected to report Q3 adjusted loss per share of $0.36 and revenue of $1.28B, consensus estimates showed. Wall Street and Seeking Alpha analysts on average rate CRWV Buy.

The major agreements the firm signed in Q3 include a large extension [https://seekingalpha.com/article/4814016-coreweave-inc-crwv-q2-2025-earnings-call-transcript] with an undisclosed hyperscaler, as well as deals with OpenAI [https://seekingalpha.com/news/4498936-coreweave-expands-contract-with-openai-by-up-to-65b] (OPENAI [https://seekingalpha.com/symbol/OPENAI]), Meta [https://seekingalpha.com/news/4500180-coreweave-pops-amid-new-14b-deal-with-meta-for-ai-power] (META [https://seekingalpha.com/symbol/META]) and Nvidia [https://seekingalpha.com/news/4494911-coreweave-discloses-new-cloud-capacity-order-with-nvidia] (NVDA [https://seekingalpha.com/symbol/NVDA]).

These agreements position CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) for significant growth in remaining performance obligations (RPOs), potentially expanding from $30B in Q2 to over $60B, according to Jefferies analysts (Buy rating, $180 price target).

"We expect this to be the biggest focus of the Q3 print," they noted. "CRWV also added 600+ MW of contracted power - AI's key constraint - supporting further upside."

Shares of CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) were up 4.6% in early premarket trade on Monday. The stock is down 30% since the company's Q2 earnings report.

SA analyst Kenio Fontes rated CRWV Hold, as it faces "substantial CapEx, customer concentration risks, and uncertainty if AI demand cools."

Silicone Scrooge Insights is more bullish, saying CoreWeave's (CRWV [https://seekingalpha.com/symbol/CRWV]) valuation doesn't yet reflect its true potential and its high-value contracts with top AI players bodes well.

"The company isn't profitable yet, and that's okay - management is clearly prioritizing scale, not short-term margins," they added.

MORE ON COREWEAVE

* CoreWeave: An Incredible AI Bargain [https://seekingalpha.com/article/4841023-coreweave-an-incredible-ai-bargain]
* Nebius Vs. CoreWeave: The Neocloud Battle Shaping The Future Of AI Infrastructure [https://seekingalpha.com/article/4840996-nebius-vs-coreweave-the-neocloud-battle-shaping-the-future-of-ai-infrastructure]
* CoreWeave: I Am Buying The Dip Before Earnings [https://seekingalpha.com/article/4838137-coreweave-i-am-buying-the-dip-before-earnings]
* Nvidia-backed Vast Data secures $1.17B AI deal with CoreWeave [https://seekingalpha.com/news/4517361-nvidia-backed-vast-data-secures-117b-ai-deal-with-coreweave-reuters]