06:12 AM EDT, 05/08/2026 (MT Newswires) -- (Updates with CapEx guidance and stock price movement.)

CoreWeave (CRWV) reported a Q1 net loss late Thursday of $1.40 per diluted share, narrower than a loss of $1.49 a year earlier.

Analysts polled by FactSet expected a loss of $1.18.

Revenue for the quarter ended March 31 was $2.08 billion, up from $982 million a year earlier.

Analysts surveyed by FactSet expected $1.97 billion.

For Q2, the company expects capital expenditures of $7 billion to $9 billion, Chief Financial Officer Nitin Agrawal said on an earnings conference call late Thursday, according to a FactSet transcript.

For the full year, CoreWeave now projects CapEx between $31 billion and $35 billion, compared with its prior outlook range of $30 billion to $35 billion, Agrawal told analysts, adding that the increase on the low end from the previous guidance is related to increases in component pricing.

The company's shares were down 6.6% in premarket activity Friday.