CoreWeave, Inc. (CRWV) Earnings Call Transcripts

CoreWeave, Inc.'s Latest Earnings Call - June 3, 2026

In the Q1 2026 earnings call for CoreWeave, Inc. (CRWV:US), management reported strong revenue growth, with total revenue reaching $1.2 billion, up 25% year-over-year. The company maintained its guidance for fiscal year 2026, projecting revenues of $5 billion, indicating confidence in continued demand for its AI cloud services. Management emphasized the diversification of its customer base, moving away from reliance on hyperscalers like Microsoft, which now represents less than 30% of revenue, a significant shift from 85% in 2023.

Reported metrics

Guidance from management

CoreWeave maintained its fiscal year 2026 revenue guidance at $5 billion, reflecting confidence in continued demand for AI cloud services and operational capabilities.

What management said

We pass it through the customers, right? The reality is you do that in 2 ways. The overwhelming majority of our CapEx is spent on servers where we're signing purchase orders with our partners. At the same time, we're selling order forms from customers. And so we're able to say, Oh, the pricing just went up, great. We have to charge more for it and then we lock it in.

at the time. Thank of those things as concurrent. And then for smaller parts of the business where you have a bit of exposure like storage, I would think of some of our pricing mechanisms is a bit more like cost-plus oriented where there can be an escalator in price if there's an escalator in cost.

What analysts pressed on

Analysts expressed concerns regarding operational risks and the potential for delays in bringing new capacity online, particularly in light of industry-wide challenges. There were also questions about how the company plans to manage rising component costs and maintain margins amidst increasing competition.

Main topics on the call

• Revenue Growth Acceleration — CoreWeave reported Q1 2026 revenue of $1.2 billion, a 25% increase year-over-year, driven by strong demand for AI cloud services. Management stated, "We are seeing enterprise adopt, you're seeing AI diffuse," indicating ...
• Customer Diversification — Management highlighted a significant shift in its customer base, stating, "Microsoft was 85% of our revenue backlog right? Today, they're not even our largest customer." This diversification reduces dependency on any sin...
• Operational Efficiency — CoreWeave's ability to bring data centers online quickly was emphasized, with management claiming, "We are able to take a power shell and turn it into a supercomputer... in something like 6 weeks." This operational agili...
• Market Demand and Future Outlook — Management expressed confidence in ongoing demand, stating, "This cycle was going to continue in orders of magnitude larger," supported by significant investments from major players like Google. They maintained guidance ...

Read the full CoreWeave, Inc. transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 CoreWeave, Inc. earnings call transcripts on record, spanning May 14, 2025 to June 3, 2026. Based on this history, CoreWeave, Inc. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CRWV

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

IT Services

Calls on record

13

First call

May 14, 2025

Most recent

June 3, 2026

Reporting cadence

quarterly