CoreWeave Reports 168% Revenue Growth and Raises 2026 Guidance Amid AI Infrastructure Volatility
CoreWeave reported third-quarter revenue of $3.66 billion, exceeding analyst expectations and marking a 168% increase from the previous year. Despite reporting an adjusted loss of $1.27 per share, the company raised its full-year 2026 guidance for both revenue ($13.0B–$13.3B) and adjusted operating income ($1.275B–$1.375B), signaling confidence in long-term demand. The results come during a period of significant volatility for the 'neocloud' sector, as investors rotate out of AI infrastructure plays due to rising interest rates and concerns over capital access. CoreWeave is currently managing a massive $132.5 billion revenue backlog and plans to increase capital expenditures to between $37 billion and $39 billion to expand computing capacity.
Tickers: $AMZN $CRWV $NVDA $ORCL
Topics: AI infrastructure earnings beat financial forecasting revenue growth
Part of the story CoreWeave Exceeds Revenue Expectations Amid Debt Concerns and Rising GPU Prices (5 articles)