Artificial intelligence (AI) cloud company CoreWeave (CRWV) is scheduled to announce its results for the first quarter of 2026 on Thursday, May 7. According to TipRanks’ Options Tool, options traders expect about an 18.71% move in either direction in CRWV stock in reaction to Q1 2026 earnings.
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For context, CoreWeave provides cloud infrastructure focused on AI workloads, benefiting from rising demand for high-performance computing. CRWV stock has risen 75% so far this year, driven by solid demand for data center infrastructure and robust AI spending.
What to Expect from CoreWeave’s Q1 Results
Wall Street expects CoreWeave to report a higher loss per share of $0.91 for Q1 2026 compared to a loss of $0.60 in the prior-year quarter. Meanwhile, revenue is seen jumping over 100% year-over-year to about $1.97 billion.
In the previous quarter, CoreWeave reported strong revenue growth of 110% year-over-year to $1.6 billion, after becoming one of the fastest cloud platforms to cross $5 billion in annual revenue. However, heavy spending on infrastructure pushed margins down to 6%.
Looking ahead, investors will focus on its partnership with Nvidia (NVDA), including the rollout of next-generation systems, and any updates on its long-term $21 billion deal with Meta (META).
Jefferies Take on CRWV Stock
Ahead of the Q1 print, Jefferies analyst Brent Thill raised his price target on CoreWeave to $160 from $120 and kept a Buy rating. He said the company is likely to see a big jump in its remaining performance obligations (RPO) after announcing several major deals in April, including a $21 billion agreement with Meta (META) and a $6 billion deal with Jane Street.
These deals could push RPO above $95 billion, up from $67 billion in the fourth quarter. Thill also noted that strong demand for AI computing continues to support CoreWeave’s business, especially as workloads become more complex. Despite the stock’s strong gains this year, he believes it still looks attractive given its growth potential and large pipeline of future revenue.
Is CoreWeave a Good Stock to Buy?
Wall Street is cautiously optimistic on CoreWeave stock, with a Moderate Buy consensus rating based on 11 Buys and four Holds. The average CRWV stock price target of $133.21 indicates 6.21% upside potential.
