Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing CORZ more generously than it does today.
Analysis OverviewBuyUpdated Jun 18, 2026
Core Scientific, Inc. (CORZ) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
22
analysts
19 bullish · 0 bearish · 22 covering CORZ
Strong Buy
0
Buy
19
Hold
3
Sell
0
Strong Sell
0
Consensus Target
$33
+12.7% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
22
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $9.3B
CORZ price targets
Three scenarios for where CORZ stock could go
Current
~$29
Confidence
45 / 100
Updated
Jun 18, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Core Scientific, Inc.
CORZ · NASDAQTechnologySoftware - InfrastructureDecember year-end
Core Scientific operates large-scale Bitcoin mining facilities and provides colocation hosting services for other miners. It generates revenue primarily from mining Bitcoin for its own account—earning block rewards and transaction fees—and from hosting fees paid by third-party miners who use its infrastructure. The company's competitive advantage lies in its scale, operational expertise, and strategic partnerships with major hardware manufacturers, which provide access to efficient mining equipment.
Market Cap
$9.3B
Revenue TTM
$355M
Net Income TTM
-$1.2B
Net Margin
-342.9%
CORZ Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
50%Exceptional
12 quarters tracked
Revenue Beat Rate
30%Exceptional
vs consensus estimates
Avg EPS Surprise
-110.2%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 1 of 4Q3 2025
EPS
$-0.04/$-0.07
Revenue
$79M/$111M
Q4 2025
EPS
$-0.46/$-0.07
Revenue
$81M/$112M
Q1 2026
EPS
$-0.29/$-0.27
Revenue
$80M/$119M
Q2 2026
EPS
$-0.10/$-0.02
Revenue
$115M/$117M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $-0.04/$-0.07 | +42.9% | $79M/$111M | -29.4% |
| Q4 2025 | $-0.46/$-0.07 | -558.9% | $81M/$112M | -27.6% |
| Q1 2026 | $-0.29/$-0.27 | -7.4% | $80M/$119M | -33.0% |
| Q2 2026 | $-0.10/$-0.02 | -400.0% | $115M/$117M | -1.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$399M
+12.4% YoY
FY2
$447M
+12.2% YoY
EPS Outlook
FY1
$-0.29
+92.3% YoY
FY2
$-0.16
+45.1% YoY
Trailing FCF (TTM)-$471M
FCF Margin: -132.8%
Next Earnings
August 14, 2026
Expected EPS
$-0.02
Expected Revenue
$145M
CORZ beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
CORZ Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $0
Product Mix
Latest annual revenue by segment or product family
Equipment Sales
—
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Equipment Sales is the largest disclosed segment at — of FY 2024 revenue, with no year-over-year comparison yet.
CORZ Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Relative Valuation
Benchmark comparison across market, sector, and history below.
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CORZ
-33.1x
vs
S&P 500
24.4x
236% discount
vs Technology Trailing P/E
CORZ
-33.1x
vs
Technology
29.0x
214% discount
vs CORZ 5Y Avg P/E
Today
-33.1x
vs
5Y Average
—
Benchmark unavailable
Forward PE
—
S&P 500
18.8x
—
Technology
22.3x
—
5Y Avg
—
—
Trailing PE
-33.1x
S&P 500
24.4x
-236%
Technology
29.0x
-214%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
—
S&P 500
15.2x
—
Technology
16.6x
—
5Y Avg
39.2x
—
Price/FCF
—
S&P 500
20.7x
—
Technology
19.2x
—
5Y Avg
—
—
Price/Sales
29.1x
S&P 500
3.1x
+840%
Technology
2.4x
+1092%
5Y Avg
10.8x
+170%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | CORZ | S&P 500 | Technology | 5Y Avg CORZ |
|---|---|---|---|---|
| Forward PE | — | 18.8x | 22.3x | — |
| Trailing PE | -33.1x | 24.4x-236% | 29.0x-214% | — |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | — | 15.2x | 16.6x | 39.2x |
| Price/FCF | — | 20.7x | 19.2x | — |
| Price/Sales | 29.1x | 3.1x+840% | 2.4x+1092% | 10.8x+170% |
| Dividend Yield | — | 1.91% | 1.11% | — |
CORZ trades above S&P 500 benchmarks on 1 of 2 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCORZ Financial Health
Verdict
Stressed
Key financial metrics for CORZ are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$355M
Revenue Growth
TTM vs prior year
-13.7%
Gross Margin
Gross profit as a share of revenue
16.9%
Operating Margin
Operating income divided by revenue
-26.3%
Net Margin
Net income divided by revenue
-342.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-3.77
Free Cash Flow (TTM)
Cash generation after capex
-$471M
FCF Margin
FCF as share of revenue — the primary cash quality signal
-132.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
—
ROA
Return on assets, trailing twelve months
-50.2%
Cash & Equivalents
Liquid assets on the balance sheet
$311M
Net Debt
Total debt minus cash
$749M
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
ROE
Return on equity, trailing twelve months
—
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
318M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageCORZ Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Capital-intensive expansion
Converting mining facilities into Tier-3 data centers for AI requires significant capital investment, posing financial strain.
High Risk
Execution risk
The business model is highly execution-sensitive, with potential delays or cost overruns impacting growth targets.
Medium
Growth sustainability
Bears argue that rapid growth through power and expansion investments may not be sustainable long-term.
Medium
Financial health concerns
Deep dives into fundamental analysis highlight potential vulnerabilities in Core Scientific's financial stability.
Lower
Market sentiment risk
Analyst consensus shows mixed sentiment, with some recommending Strong Buy while others express bearish views.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CORZ Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Fair valuation metrics
Core Scientific's forward P/E ratio of 29.15 and forward PS ratio of 8.20 suggest it is fairly valued compared to historical averages, with a fair price range estimated between $15.81 to $28.27.
AI infrastructure expansion
Core Scientific is repurposing its Pecos, Texas site into a 1.5 gigawatt AI-focused data center campus, supported by a $3.30 billion notes offering, signaling strong growth in AI infrastructure.
Institutional interest growth
Expanded institutional interest and long-term AI infrastructure partnerships highlight Core Scientific's potential as a key player in the AI and data center space.
Strong financial positioning
The completion of a $3.30 billion senior secured notes offering demonstrates Core Scientific's ability to secure significant funding for future growth initiatives.
Positive momentum in share price
Core Scientific's share price has shown upward momentum, trading at $18.09 with a recent change of 2.86%, indicating investor confidence in its growth prospects.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CORZ Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$29.16
52W Range Position
93%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$10.93
+166.8% from the low
52-Week High
$30.46
-4.3% from the high
1 Month
+23.72%
3 Month
+78.35%
YTD
+82.4%
1 Year
+145.0%
3Y CAGR
+103.9%
5Y CAGR
+53.3%
10Y CAGR
+23.8%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CORZ vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs — median
Peer median unavailable
Revenue Growth
+12.4%
vs +12.4% median
-1% below peer median
Net Margin
-342.9%
vs -146.0% median
-135% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
COR CORZ Core Scientific, Inc. | $9.3B | — | +12.4% | -342.9% | Buy | +12.7% |
RIO RIOT Riot Platforms, Inc. | $10.7B | — | +10.4% | -132.8% | Buy | -3.0% |
MAR MARA Marathon Digital Holdings, Inc. | $5.4B | — | +12.4% | -234.8% | Buy | -12.1% |
CLS CLSK CleanSpark, Inc. | $4.4B | — | +13.9% | -67.7% | Buy | +9.6% |
CIF CIFR Cipher Mining Inc. | $11.8B | — | +19.8% | -513.0% | Buy | +9.3% |
BTB BTBT Bit Digital, Inc. | $707M | — | +1.2% | -146.0% | Buy | +176.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FAQ
7 questionsCORZ Investor Questions
Common questions answered from live analyst data and company financials.
01Is Core Scientific, Inc. (CORZ) stock a buy or sell in 2026?
Core Scientific, Inc. (CORZ) is rated Buy by Wall Street analysts as of 2026. Of 22 analysts covering the stock, 19 rate it Buy or Strong Buy, 3 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $33, implying +12.7% from the current price of $29.
02What is the CORZ stock price target for 2026?
The Wall Street consensus price target for CORZ is $33 based on 22 analyst estimates. The high-end target is $40 (+37.2% from today), and the low-end target is $29 (-0.5%).
03Is Core Scientific, Inc. (CORZ) stock overvalued in 2026?
Forward earnings data for CORZ is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
04What are the main risks for Core Scientific, Inc. (CORZ) stock in 2026?
The primary risks for CORZ in 2026 are: (1) Capital-intensive expansion — Converting mining facilities into Tier-3 data centers for AI requires significant capital investment, posing financial strain. (2) Execution risk — The business model is highly execution-sensitive, with potential delays or cost overruns impacting growth targets. (3) Growth sustainability — Bears argue that rapid growth through power and expansion investments may not be sustainable long-term. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Core Scientific, Inc.'s revenue and earnings forecast?
Analyst consensus estimates CORZ will report consensus revenue of $399M (+12.4% year-over-year) and EPS of $-0.29 (+92.3% year-over-year) for the upcoming fiscal year. The following year, analysts project $447M in revenue.
06When does Core Scientific, Inc. (CORZ) report its next earnings?
Core Scientific, Inc. is expected to report its next earnings on approximately 2026-08-14. Consensus expects EPS of $-0.02 and revenue of $145M. Over recent quarters, CORZ has beaten EPS estimates 50% of the time.
07How much free cash flow does Core Scientific, Inc. generate?
Core Scientific, Inc. (CORZ) had a free cash outflow of $471M in free cash flow over the trailing twelve months — a free cash flow margin of 132.8%. CORZ returns capital to shareholders through and share repurchases ($0 TTM).