Is CoreWeave Stock a Buy on the Dip as Revenue Continues to Skyrocket?
2026-05-10 02:50:00 ET
Shares of CoreWeave (NASDAQ: CRWV) sank following the company's first-quarter earnings announcement despite the neocloud company reporting another quarter of massive revenue growth and a swelling backlog. However, its adjusted earnings-per-share (EPS) loss was more than anticipated, and its Q2 guidance fell short of expectations. The stock is still up more than 60% year to date as of this writing.
Let's dive into CoreWeave's results to see if this dip in the growth stock is a buying opportunity.
CoreWeave once again saw its revenue more than double, climbing 112% to $2.08 billion from $982 million a year ago. That came in ahead of the $1.97 billion analyst consensus, as compiled by LSEG . However, its adjusted EPS loss grew to $1.12 and was wider than the $0.91 loss analysts had expected.
NASDAQ: CRWV
CRWV Trading
-6.6% G/L:
$114.35 Last:
11,888,864 Volume:
$119.915 Open:
