CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?
CoreWeave will report first-quarter results May 7 after the market close, with Wall Street expecting a loss of 91 cents per share on $1.97 billion in revenue. Shares traded at $127.89, up 2% premarket. The company ended 2025 with a $66.8 billion revenue backlog and recently signed major deals with Meta, Anthropic, and Jane Street. Guidance calls for up to $2 billion in Q1 revenue and $30–$35 billion in 2026 capital spending.