Economy

CoreWeave Shares Fall After Company Lowers Revenue Forecast

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Nov 11, 2025

THE BARE STORY

Shares for the artificial intelligence infrastructure provider CoreWeave fell 13% on Tuesday after the company revised its full-year revenue guidance. The adjustment was announced with its third-quarter earnings, where it reported revenue of $1.36 billion, a 134% increase from the prior year.

CoreWeave CEO Mike Intrator attributed the weaker-than-expected forecast to a delay at a "singular data center provider." According to the CEO, the issue affects one of 41 data centers in the company's portfolio but will not impact its customer backlog or the value of its contracts. The company did not confirm the name of the third-party provider. Earlier in the year, a $9 billion acquisition offer by CoreWeave for the data center company Core Scientific was voted down by Core Scientific's shareholders. Core Scientific's shares also fell 7% on Tuesday.

The company now forecasts its 2025 revenue to be between $5.05 billion and $5.15 billion, which is below the average analyst estimate of $5.29 billion. For the third quarter, CoreWeave reported that its net loss narrowed to $110 million from about $360 million year-over-year.

CoreWeave's business involves renting graphics processing units to clients. The company recently announced a six-year deal with Meta valued at up to $14.2 billion and an expanded contract with OpenAI. Its finance chief, Nitin Agrawal, said that capital expenditures for 2026 are expected to be significantly more than double the 2025 projection of $12 billion to $14 billion.

Same Facts. Different Perspectives.

Two AI models. Two viewpoints. One factual foundation.

Perspective by Claude

• The company is demonstrating strong financial momentum. CoreWeave's third-quarter revenue grew by 134% from the prior year, reaching $1.36 billion. Additionally, its net loss narrowed significantly over the same period, shrinking from approximately $360 million to $110 million. These figures point to a rapidly expanding business with improving profitability.

• CoreWeave has secured major, high-value contracts with industry leaders. The company recently announced a six-year deal with Meta valued at up to $14.2 billion and an expanded contract with OpenAI. These long-term partnerships with key players in the AI space signal strong, sustained demand for its graphics processing unit rental services.

• The cause for the revised forecast is isolated and not expected to affect contracts. According to CEO Mike Intrator, the weaker forecast is due to a delay at a single third-party data center provider, which represents just one of 41 data centers in its portfolio. The CEO stated that this issue will not impact its customer backlog or the value of its existing contracts, suggesting the problem is contained.

How it may affect me

As a U.S. reader:

• Investors in CoreWeave or related tech infrastructure companies experienced a direct financial impact due to the stock's decline following the company's revised revenue forecast.

• The operational delay highlights a potential vulnerability in the AI infrastructure supply chain, which could affect services from companies like Meta and OpenAI if disruptions worsen.

• The firm's major contracts and spending plans signal a continued build-out of AI infrastructure, which underpins many consumer-facing applications provided by its clients.

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