TLDR
- CoreWeave reports Q2 earnings on August 11, with options traders pricing in a move of up to 15% in either direction.
- Revenue is expected to more than double year-over-year to around $2.55-2.56 billion.
- Losses are projected to widen to $1.22-1.40 per share as hardware costs rise.
- Deutsche Bank raised its price target to $150; Wells Fargo sits at $155, both with Buy ratings.
- Wall Street’s average price target of around $129-147 implies 43-60%+ upside from current levels.
CoreWeave is set to report its second-quarter earnings after the closing bell on August 11. The stock has gained roughly 27-30% year-to-date, though it remains about 35% below its highs from earlier this year.
CoreWeave, Inc. Class A Common Stock, CRWV
Options traders are pricing in a move of up to 15% in either direction following the results. That kind of swing from recent levels could push CRWV above $102 or pull it down toward $79.
The stock’s recent volatility has been tied to concerns over data center construction delays and rising costs. Those worries have kept some investors on the sidelines even as demand for GPU compute capacity stays strong.
What the Numbers Look Like
Wall Street expects revenue of around $2.55-2.56 billion for Q2, which would represent growth of roughly 111% year-over-year. That would be a strong top-line result by any measure.
On the bottom line, losses are expected to widen. Estimates put the loss per share at $1.22 to $1.40, compared to a $0.27 loss in the same quarter last year. The widening losses reflect heavy spending on hardware as CoreWeave scales up its compute infrastructure.
Margins are a key watch item. CoreWeave had previously indicated that Q1 2026 would be the floor for margins. Wells Fargo analyst Michael Turrin expects operating margins to improve to 3% in Q2, 6% in Q3, and 13% in Q4.
Turrin also flagged that the absence of major new deal announcements during Q2 points to fewer contracts above the $5 billion total contract value threshold over the past 90 days. He projects remaining performance obligations of around $107 billion as of June 30, implying roughly $10 billion in bookings during the quarter.
Analyst Targets Heading In
Deutsche Bank’s Brad Zelnick reiterated a Buy rating and raised his price target to $150 from $135. He described the pullback from June levels as a compelling entry point, though he cautioned that near-term pressure may persist due to margin concerns and ongoing financing needs.
Wells Fargo’s Turrin also holds a Buy rating with a $155 price target. He expects CoreWeave to post low-to-mid single-digit upside on revenue relative to consensus.
Oppenheimer has called concerns about capacity delays “overblown.” Bank of America noted that the key debate has shifted from demand to execution, specifically how fast CoreWeave can bring new compute capacity online.
Of 14 analysts tracked by Visible Alpha, 11 rate CRWV a Buy with three neutral ratings. The average price target sits at around $147, implying more than 60% upside from recent levels.
On TipRanks, the consensus is a Moderate Buy based on 13 Buys, four Holds, and one Sell, with an average target of $129.63, pointing to 43% upside potential.
CoreWeave went public in March 2025 and was added to the Nasdaq 100 index this year. The company has secured deals with Meta Platforms and Nvidia, which holds an equity stake in the company.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
