Abstract

CoreWeave, Inc. will report quarterly results on February 26, 2026 Post Market; this preview outlines consensus revenue, margin, and EPS expectations, reviews last quarter’s performance, and summarizes prevailing analyst views for the upcoming print.

Market Forecast

Revenue is projected at $1.55 billion for the current quarter, with forecast EBIT of $139.64 million and estimated EPS of -$0.49; the year-over-year growth rates were not disclosed in the forecast dataset. The company’s guidance implies continued margin normalization, with investors watching gross profit margin and net profit conversion from strong top-line growth. - Main business momentum is expected to come from core infrastructure services, while management is likely to emphasize utilization and contract pipeline quality. The segment with the largest potential remains high-performance compute infrastructure, which is positioned to outgrow consolidated revenue; year-over-year revenue details were not provided in the dataset.

Last Quarter Review

CoreWeave, Inc. delivered revenue of $1.36 billion, a gross profit margin of 72.97%, GAAP net loss attributable to common shareholders of $110.00 million, a net profit margin of -8.07%, and adjusted EPS of -$0.08; year-over-year growth rates for these metrics were not available in the dataset. - Operating execution stood out, with EBIT of $217.15 million exceeding the prior quarter estimate by $35.51 million, underscoring solid unit economics amid capacity ramp. The main business continued to scale on robust demand for compute capacity; however, revenue contribution by segment and its year-over-year growth were not disclosed.

Current Quarter Outlook (with major analytical insights)

Main business trajectory and revenue conversion

The central debate this quarter is whether CoreWeave, Inc. can translate strong demand into sustained revenue conversion while managing pricing and capacity. The forecast revenue of $1.55 billion implies sequential growth from the last reported $1.36 billion, and indicates that backlog conversion and utilization should remain healthy. Given a prior-quarter gross margin of 72.97%, investors will focus on whether mix and scale keep gross margins elevated or if promotional pricing and ramping sites dilute margins. While EBIT is forecast at $139.64 million versus last quarter’s $217.15 million actual, the implied margin compression could reflect higher depreciation and ramp costs that accompany rapid capacity additions, a common pattern during scale-up. Management commentary around contract tenor, take-or-pay terms, and customer concentration will be pivotal for assessing revenue durability.

Most promising business and profitability path

High-performance compute infrastructure continues to appear as the company’s most promising growth engine, supported by secular demand for AI training and inference. The visibility into revenue stems from multi-month to multi-year capacity reservations, which can smooth volatility but also require upfront capital and operating expenditure. If utilization increases across newly deployed clusters, it should support gross profit resilience even as headline EPS remains negative at an estimated -$0.49, given non-cash depreciation and interest burdens. The path to improved net margins likely depends on how quickly incremental revenue surpasses added fixed costs; investors will parse commentary on utilization and potential price escalators to gauge operating leverage.

Key stock price drivers this quarter

Three variables may dominate the stock’s near-term reaction: margin trajectory, capacity deployment timelines, and contract quality. A gross margin print near the prior quarter’s 72.97% would signal continued pricing power and efficient procurement; a material step-down could indicate a heavier mix of new sites or promotional pricing to onboard strategic customers. Capacity deployment remains an operational swing factor—delays can push revenue out, while faster ramps can lift near-term revenue but compress EBIT margins via start-up costs. Finally, contract structure matters: take-or-pay and prepayment structures typically improve cash predictability and working capital, whereas shorter-dated commitments heighten renewal risk. Any update on large customer expansions or diversification could notably shift sentiment.

Analyst Opinions

Analyst commentary in the recent period skews bullish, emphasizing top-line momentum and pipeline visibility, with fewer cautious voices noting near-term EPS pressure from expansion costs. Several well-followed institutions highlight that revenue growth in the current quarter is expected to outpace operating cost growth later this year, supporting a constructive medium-term margin trajectory. The majority view anticipates positive sequential revenue growth and stable-to-moderating gross margins, framing any EBIT softening as investment-phase noise amid a robust demand cycle. Overall, the balance of commentary leans toward a favorable setup into the February 26, 2026 report, anchored by expectations for strong backlog conversion and steady utilization.