CoreWeave raises 2026 revenue guidance after third-quarter revenue tops estimates
The AI cloud company reported $3,661 million in third-quarter revenue and raised 2026 revenue guidance to $13.0 billion to $13.3 billion. CNBC, citing LSEG, said the quarter exceeded a $3.55 billion estimate.
By Marcus Rodriguez ·
Why it matters: The modest revenue beat and higher 2026 outlook are a check on demand for AI cloud capacity as CoreWeave scales and carries a large debt load.
For information only, not investment advice. Prices delayed.
Tickers: CRWV
CoreWeave reported third-quarter revenue of $3,661 million, up 168% from $1,365 million a year earlier, and raised 2026 revenue guidance to $13.0 billion to $13.3 billion.1 CNBC, citing LSEG, said the quarter was $3.66 billion versus $3.55 billion expected.2
Adjusted operating income guidance was raised to $1.275 billion to $1.375 billion, a 26% increase at the midpoint, and capital expenditures to $37 billion to $39 billion, raising only the low end.1 Revenue backlog was approximately $132.5 billion as of September 30, 2026.1 CEO Michael Intrator cited approximately $9 billion in customer prepayments and deposits expected in the next three months.1
The net loss was $709 million, or $1.27 a share, compared with $110 million a year earlier.1 CNBC, citing the statement, said CoreWeave owed almost $47 billion in debt at quarter-end.2
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Tags: earnings · guidance · ai