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Core Scientific Inc (CORZ)
NASDAQ:CORZ
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-4.51Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 21.12%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, with strong strategic positioning in the high-density infrastructure market driven by AI demands, particularly through its relationship with CoreWeave. However, financial challenges are evident, as shown by declining revenues, negative EBITDA, and the absence of new customer signings. The sentiment is mixed with optimism for future growth but tempered by current financial pressures.Company Guidance
During the Core Scientific First Quarter Fiscal Year 2025 Earnings Conference Call, the company provided guidance on several key metrics. Core Scientific aims to deliver 250 megawatts of billable capacity for CoreWeave by the end of 2025 and 590 megawatts by early 2027. The company is also targeting an addition of approximately 300 megawatts of billable capacity across existing sites by the end of 2027 and an additional 400 megawatts through new site development over the next three years. The company reported a total revenue of $79.5 million for the first quarter, with adjusted EBITDA at negative $6.1 million. As of the end of the first quarter, Core Scientific held approximately $780 million in liquidity and 1,000 Bitcoin, with the goal to reduce CoreWeave to less than 50% of billable capacity by the end of 2028. The company's strategic focus includes diversifying its customer base, executing on CoreWeave contracts, and expanding data center capacity both organically and through targeted M&A.Strong Demand for High-Density Infrastructure
Core Scientific reported sustained demand for high-density infrastructure, particularly driven by AI workloads. The company is seeing a growing sales pipeline with a mix of hyperscale and large enterprise customers.
Significant Progress in CoreWeave Contracts
The company has made significant advancements in building out 570 megawatts of total billable capacity for CoreWeave, with the Denton facility being a cornerstone of this effort. The first tranche of 8 megawatts is expected to be delivered this month, with additional 40 megawatts by the end of the quarter.
Innovative Contract Structure with CoreWeave
CoreWeave funds virtually all capital investment on deployments, which keeps Core Scientific's balance sheet leverage light and gives them flexibility to use debt strategically for future growth.
Expanding Data Center Capacity
Core Scientific plans to add approximately 300 megawatts of billable capacity across existing sites by the end of 2027, and is targeting an additional 400 megawatts through new site development over the next three years.
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CORZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CORZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $8.90 | $9.45 | +6.18% |
Feb 26, 2025 | $10.02 | $10.71 | +6.89% |
Nov 06, 2024 | $14.33 | $16.46 | +14.86% |
Aug 07, 2024 | $9.82 | $10.14 | +3.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Core Scientific Inc (CORZ) report earnings?
Core Scientific Inc (CORZ) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Core Scientific Inc (CORZ) earnings time?
Core Scientific Inc (CORZ) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CORZ EPS forecast?
CORZ EPS forecast for the fiscal quarter 2025 (Q2) is -0.09.
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