CoreWeave presented at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2026. A transcript of the presentation became available on March 5. The company reaffirmed its financial guidance.
CoreWeave targets a 2026 exit run-rate between $17 billion and $19 billion. Annual recurring revenue is projected to exceed $30 billion by the end of 2027.
The company reports strong demand. The revenue backlog reached $66.8 billion. Weighted contract lengths now extend to five years.
CoreWeave is addressing investor concerns regarding 2026 capital expenditures of $30 billion to $35 billion. This spending follows a wider-than-expected fourth-quarter loss.