CoreWeave stock pops 13% as revenue doubles on accelerating AI infrastructure demand

CoreWeave CEO Michael Intrator appears after the company's initial public offering at the Nasdaq MarketSite in New York on March 28, 2025.Michael Nagle | Bloomberg | Getty ImagesCoreWeave shares jumped 13% in extended trading on Tuesday after the AI infrastructure provider reported revenue than topped Wall Street expectations.Here's how the company did relative to LSEG consensus:Earnings per share: Loss of $1.03 adjusted vs. loss of $1.20 expectedRevenue: $2.58 billion vs. $2.56 billion expectedRevenue climbed 112% during the quarter from a year earlier, CoreWeave said in a statement. Net loss of $626 million increased from $290 million, or 60 cents per share, a year ago. The company's revenue backlog now stands at $104 billion, a figure that excludes over $25 billion in new commitments from the third quarter, and it boasted 1.5 gigawatts of active power.With respect to guidance, management called for $3.4 billion to $3.6 billion in third-quarter revenue, which would imply 158% growth at the middle of the range. Analysts polled by LSEG were looking for $3.43 billion.For 2026, CoreWeave now sees $960 million to $1.15 billion in adjusted operating income on $12.4 billion to $13.2 bil...