BRIEF-Coreweave CEO Says Affected By Temporary Delays Related To A Third Party Data Center, Impacts Q4 Expectations

Reuters11-11
BRIEF-Coreweave CEO Says Affected By Temporary Delays Related To A Third Party Data Center, Impacts Q4 Expectations

Nov 10 (Reuters) - CoreWeave Inc CRWV.O:

  • COREWEAVE CEO SAYS ADDED OVER $25 BILLION IN REVENUE BACKLOG IN THIRD QUARTER - CONF CALL

  • COREWEAVE CEO SAYS ONBOARDED NEW CUSTOMER IN Q3

  • COREWEAVE CEO SAYS WILL CONTINUE TO WORK CLOSELY WITH CORE SCIENTIFIC ON THE ABOUT 590 MEGAWATTS OF CAPACITY ALREADY LEASED

  • COREWEAVE CEO SAYS AFFECTED BY TEMPORARY DELAYS RELATED TO A THIRD PARTY DATA CENTER, IMPACTS Q4 EXPECTATIONS

  • COREWEAVE CFO SAYS NO SINGLE CUSTOMER REPRESENTS MORE THAN 35% OF REVENUE BACKLOG

  • COREWEAVE CFO SAYS Q3 CAPEX LOWER THAN EXPECTED DUE TO THIRD-PARTY DATA CENTER DELAYS

  • COREWEAVE CFO SAYS EXPECT 2025 REVENUE $5.05 BILLION -$5.15 BILLION

  • COREWEAVE CFO SAYS ANTICIPATE 2025 ADJUSTED OPERATING INCOME BETWEEN $690 MILLION TO $720 MILLION

  • COREWEAVE CFO SAYS EXPECT 2025 CAPEX BETWEEN $12 BILLION AND $14 BILLION

  • COREWEAVE CFO SAYS EXPECT 2026 CAPEX TO BE WELL IN EXCESS OF DOUBLE THAT OF 2025

  • COREWEAVE CEO SAYS MAJOIRTY OF THE DELAY SHOULD BE TAKEN CARE OF Q1 NEXT YEAR

  • COREWEAVE CFO SAYS TOTAL REVENUE ASSOCIATED WITH CUSTOMER RELATED TO THE DATA CENTER DELAY NOT IMPACTED

  • COREWEAVE CEO SAYS NO IMPACT ON ABILITY TO BRING ON MORE CUSTOMERS DUE TO THIRD-PARTY DATA CENTER DELAY

  • COREWEAVE CFO SAYS NVIDIA CONTRACT ALLOWS CAPACITY TO BE INTERRUPTED AND RESOLD TO DIFFERENT CUSTOMERS

Further company coverage: CRWV.O

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment