CoreWeave beats Q3 revenue estimates and lifts 2026 guidance
CoreWeave reported third-quarter revenue of $3.66 billion, up 168% year over year and ahead of the $3.55 billion LSEG consensus, with an adjusted loss of 95 cents a share versus $1.16 expected and a net loss of $709 million. It raised 2026 guidance to $13.0-13.3 billion in revenue and $1.275-1.375 billion in adjusted operating income, targets $37-39 billion in capex and a $20-21 billion annualized run rate exiting the year. Revenue backlog climbed to $132.5 billion from $104 billion in June, and shares rose about 11% premarket Wednesday after a 40% slide over the past month.
Source: CNBC