Core Scientific, Inc. (CORZ) Earnings
Core Scientific, Inc. is expected to report next earnings on August 14, 2026 (in NaN days), with a consensus EPS estimate of $-0.04. CORZ has beaten EPS estimates in 3 of its last 9 reported quarters (average surprise -224.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $-0.02 | $-0.10 | -400.0% | $115M | -1.5% |
| Oct 24, 2025 | $-0.07 | $-0.46 | -558.9% | $81M | -27.6% |
| Aug 8, 2025 | $-0.07 | $-0.04 | +42.9% | $79M | -29.4% |
| May 7, 2025 | $-0.12 | $-0.10 | +16.7% | $80M | -6.6% |
| Feb 26, 2025 | $-0.10 | $-0.01 | +90.0% | $95M | -2.2% |
| Mar 12, 2024 | $-0.03 | $-0.20 | -566.7% | $142M | +4.1% |
| Dec 4, 2023 | — | $-0.11 | — | $113M | — |
| Aug 4, 2023 | — | $-0.02 | — | $127M | — |
| May 12, 2023 | — | $-0.03 | — | $121M | — |
| Nov 28, 2022 | $-0.17 | $-1.23 | -623.5% | $163M | — |
| Aug 11, 2022 | $-0.03 | $-2.65 | -7671.3% | $164M | — |
| May 12, 2022 | $0.16 | $-1.52 | -1050.0% | $193M | +0.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Adam discussed the company's strategy of building a scaled, high-density digital infrastructure platform, having delivered high density capacity at scale across multiple states, closed a $3.3 billion capital raise, and advancing development across multiple sites. - Matt provided updates on operational priorities, including executing CoreWeave dedicated facilities, advancing non-CoreWeave developments like Pecos and Muskogee campuses, and progress on other development sites. - Jim talked about co-location revenue milestone, Bitcoin mining business wind down, SG&A costs, capital formation with $3.3 billion bond financing, and deployment of capital expenditures.
Guidance
- Expect to deploy roughly $2 billion of total capital expenditures in 2026. - Plan to have capacity outside of CoreWeave available for delivery starting in early 2027. - Bitcoin mining business is expected to continue winding down over the year with only one or potentially two sites operating by end of year.
Segment performance
Co-location revenue scaled to cover operating costs and begin expanding margins. Billed for 243 megawatts equating to over $350 million of annualized co-location revenue. Bitcoin mining business is being wound down. Target cash gross profit range for CoreWeave contract increased to 80 - 85% from 75 - 80%.
Analyst Q&A
Q: About hyperscaler exclusivity expiration and demand,
A: Three hyperscalers immediately engaged after exclusivity expired, and the company is in strong position with active customer conversations. -
Q: About dialogue with other hyperscalers and CapEx before lease,
A: Relationship with them is not new, and CapEx is put forward to secure labor, trades, etc. for first data haul to full RFS. -
Q: About signing contracts and pricing trends,
A: Actively engaged, pricing expected to firm up due to labor and equipment inflation. -
Q: About behind the meter in Muskogee and redundancy,
A: Oklahoma legislation support, potential ownership or partnering with power developer, and consideration of redundancy in behind the meter generation. -
Q: About labor side of builds,
A: Using large GCs to secure labor and execute development. -
Q: About behind the meter air quality and margin profile,
A: Technologies are low emissions, need to apply for permits, and margin profile is a true-up of experience. -
Q: About marketing to chip makers and neoclouds and execution ahead of contracts,
A: Showing entire portfolio to all customers, and executing ahead keeps customers more engaged. -
Q: About challenges in leasing and hyperscaler selectivity,
A: Hyperscalers are more selective, but the company's experience and built sites give a differentiator.