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
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