CoreWeave Crushes Q2 Revenue Targets– Yet Stock Faces Massive Selloff

Aug 13 – CoreWeave just reported its Q2 earnings, which dazzled the top line but left traders scratching their heads. The GPU cloud specialist topped expectations with $1.21 billion in Q2 revenue, yet shares slid about 10% in pre-market trading despite the beat.

Management says demand still outstrips capacity, and data-center bottlenecks limit how fast the firm can turn that demand into revenue. Costs moved the other way: operating margin plunged as stock-based compensation swelled, leaving profitability pressured even as customers multiply.

CoreWeave keeps expanding its product stack; it completed the Weights & Biases deal to add AI-dev tooling and formalized a major supply agreement with OpenAI, moves that aim to turn growth into more profitable, sticky revenue.

Management raised guidance for Q3 and the full year, but investors will watch capacity, margins, and integration closely; execution there will decide whether CoreWeave’s rally sticks or fizzles. The stock still trades under the new ticker CRWV after its March IPO.

This article first appeared on GuruFocus.