Catenaa, Tuesday, November 11, 2025- CoreWeave shares fell by more than 13% on Tuesday after the company lowered its annual revenue forecast due to a delay in fulfilling a customer contract.
Sales in 2025 will be $5.05 billion to $5.15 billion, CoreWeave said during a post-earnings conference call on Monday. Its forecast range had previously been as high as $5.35 billion.
“We are affected by temporary delays related to a third-party data center developer who is behind schedule,” Chief Executive Officer Michael Intrator said during the call.
Though the fourth-quarter results will reflect the snag, the client affected by the delay has agreed to adjust delivery schedules so “we maintain the total value of the original contract,” he said.
The announcement, which followed the release of third-quarter results, underscores the challenges of meeting the insatiable demand for AI.
CoreWeave shares, which have risen by more than 150% this year, fell to their biggest intraday decline in three months.
CoreWeave, which held its initial public offering in March, has attracted investors looking to bet on the explosion in artificial intelligence spending.
The Livingston, New Jersey-based company is a close partner of AI chipmaker Nvidia and counts OpenAI and Microsoft among its customers.
CoreWeave’s operating income margin was 4% in the third quarter. That missed an average analyst estimate of 6.5% and was lower than in the year-earlier period.
The tighter margins were a weak spot in an otherwise upbeat report. Revenue rose to $1.36 billion in the quarter, topping the $1.29 billion estimate. CoreWeave reported a loss of 22 cents a share, compared with a 57-cent loss projected by Wall Street.
