CoreWeave CEO Mike Intrator: We are very confident in our revenue for 2026

Watch on YouTube ↗  |  May 08, 2026 at 20:41  |  3:41  |  CNBC
Speakers

Summary

CoreWeave CEO Mike Intrator joins CNBC to discuss the company's earnings, reaffirming confidence in 2026 revenue and operating margins. He explains that the GAAP loss is tax-related and not a reflection of underlying unit economics. Intrator also highlights accelerating demand for AI compute from multiple vectors, including inference, with customers like Anthropic and OpenAI driving growth.

  • CoreWeave reported a GAAP loss but reaffirmed 2026 revenue and margin guidance.
  • CEO Mike Intrator says the loss is driven by tax effects, not unit economics.
  • Expects leverage acceleration in back half of 2025.
  • Debt markets are focused on unit-level economics and see strong returns.
  • Demand for AI compute is accelerating from multiple vectors.
  • More than 50% of compute now used for inference rather than training.
  • Customers like Anthropic, OpenAI, and Perplexity are driving demand.
  • CoreWeave is investing in scaling the company.
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