CoreWeave CEO Michael Intrator participates in a Bloomberg Television interview during the World Economic Forum in Davos, Switzerland, on January 20, 2026. Chris J. Ratcliffe | Bloomberg | Getty Images CoreWeave shares rose 11% in extended trading on Tuesday after the artificial intelligence infrastructure provider reported revenue that beat Wall Street expectations. Here’s how the company fared relative to the LSEG consensus: Earnings per share: Loss of $1.14 Revenue: $2.58 billion vs. $2.56 billion expected Revenue rose 112% during the quarter from a year ago, CoreWeave said in a statement. The net loss of $626 million widened from $290 million, or 60 cents per share, a year ago. The company’s revenue pipeline now stands at $104 billion, with 1.5 gigawatts of contracted power. The company, founded eight years ago, has been competing with cloud market leaders Amazon, Google and Microsoft to open data centers filled with chips that can run generative artificial intelligence models. Unlike them, CoreWeave is not profitable. At the end of the quarter, it had $35 billion in debt on its balance sheet to cover the cost of Nvidia’s graphics processing units and other equipment. During the quarter, Meta said it would spend an additional $21 billion with CoreWeave, which also announced a multi-year deal with Anthropic and a $6 billion commitment from quantitative trading firm Jane Street. Meanwhile, competition is growing. SpaceX has begun selling excess computing capacity and Meta has considered launching a cloud business. As of Tuesday’s close, CoreWeave shares had gained 26% so far this year, while the S&P 500 was up nearly 13%. The stock debuted on Nasdaq in March 2025. Executives will discuss results with analysts and issue guidance on a conference call beginning at 5 p.m. ET.
