CoreWeave Q3 revenue reached $3.7 billion, up 168% year-over-year.

On November 11, AI cloud computing infrastructure company CoreWeave released its third-quarter 2026 earnings report. Quarterly revenue reached $3.7 billion, up 168% year over year, while adjusted operating profit totaled $379 million, significantly exceeding prior guidance.

CoreWeave stated that its adjusted operating profit margin reached a double-digit level one quarter ahead of schedule. By the third quarter, operational power capacity exceeded 1.7 gigawatts, doubling compared to the beginning of the year.

Additionally, the company received approximately $9 billion in customer advances and deposits during the third quarter.