r/CRWV

Everyone pulling out today.

But watch. It will explode tomorrow

For a company that basically just IPO’d, this feels massive. This is not some random hype number anymore,this means AI labs and enterprises are locking in compute years ahead because demand is exploding.

The craziest part is that inference demand is only getting started.

Feels like the market still doesn’t fully understand how important AI infrastructure is becoming.

New investor thinking about joining - was curious what made some of the investors in here pick coreweave over NBIS?

This post contains content not supported on old Reddit. Click here to view the full post

Much of the concern about yesterday‘s earnings are over blown. In the Q4 earnings call, Intrator explicitly stated that much of this year’s capex would occur in Q1 2026, causing margins to temporarily bottom out during that period.
He then continued to explain that throughout this year margins would expand as revenue scales with new capacity coming online. These Capex deployments are lumpy which causes certain quarters to to have higher debt loads. Nothing fundamentally has changed about this business. They have 100 billion in backlog, are ranked as the #1 neocloud by semi analysis and are actively executing on their mission.

None of these data centers are speculative. They only build them if the demand is already there and all the data centers and the debt they’re raising are backed by contracts. The risk on crwv side is not whether or not the data centers will be leased, but whether they can build them. Yes, the execution risk is real. But look at their track record. Look who is consistently coming back to crwv again and again.

They’re continuing to diversify their customer base and continuing to expand their products and capabilities. The future is bright

I had around 10000 shares and I sold 2/3 of them to avoid huge changes in my account after earnings. I think profit taking is my priority and I used them to buy Microsoft for emotional peace. Still keep 1/3 to avoid FOMO.

Thoughts?

What do you guys think about buying before earnings?

I keep thinking the next results could actually surprise people because of all the recent deals and AI demand. Especially after the Meta expansion and the Anthropic partnership.

What really makes me curious is that nobody seems to know how big the Anthropic contract actually is. If it turns out to be something massive like $10B+ over the years, that would be pretty crazy for future revenue visibility.

Do you think there’s a real chance these contracts already start showing up in the numbers/guidance now?

Or is the stock already too hyped and fully priced in?

Trying to understand both the bull and bear case before earnings.

$CRWV Q1’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $2.08B (Est. $1.97B) 🟢

🔹 EPS: $(1.40) (Est. $(0.91)) 🔴

🔹 Adj EBITDA: $1.16B (Est. $1.15B) 🟢

🔹 Adj EBITDA Margin: 56%

🔹 Revenue Backlog: $99.4B

Other Metrics:

🔹 Adjusted Net Loss: $(589)M (Est. $(446)M) 🔴

🔹 Net Loss: $(740)M

🔹 Operating Loss: $(144)M

🔹 Active Power: Surpassed 1 GW

🔹 Contracted Power: Over 3.5 GW

🔹 2030 AI Factory Target: More than 5 GW with NVIDIA

Customer Wins:

🔹 Meta: New $21B commitment signed in March

🔹 Anthropic: Signed multi-year agreement to support Claude development and deployment

🔹 Expanded Customer Relationships: Cohere, Jane Street, Mistral

🔹 AI / Enterprise Customers: Perplexity, World Labs, Hudson River Trading, Adaption Labs, Advaita Bio

Financial Position:

🔹 DDTL 4.0 Facility: $8.5B non-recourse investment-grade rated delayed draw term loan

🔹 NVIDIA Investment: $2B Class A common stock investment

Commentary:

🔸 “This was the strongest bookings quarter in CoreWeave's history, with revenue backlog reaching nearly $100 billion.”

🔸 “We surpassed 1 GW of active power and believe we are well on our way to more than 8 GW by 2030.”

🔸 “As the market moves from training to inference, that distinction matters more than ever. CoreWeave was built for exactly this.”

Will it Crash again after earnings? I sold part of my holdings, just in case