CoreWeave Q3 Revenue Reaches $3.66 Billion, Up 168.21% YoY

November 11: According to a Business Wire announcement, AI cloud service provider CoreWeave (CRWV) reported its third-quarter 2026 financial results, with revenue of $3.66 billion, up 168.21% year-over-year and above the market expectation of $3.56 billion; net loss of $709 million, compared with $110 million in the same period last year; a loss of $1.27 per share; and adjusted operating income of $379 million. As of September 30, the company's backlog stood at approximately $132.5 billion. CoreWeave raised its full-year 2026 revenue guidance to $13 billion to $13.3 billion, with capital expenditure guidance of $37 billion to $39 billion, and expects fourth-quarter interest expense of $1.05 billion to $1.15 billion.