CoreWeave earnings lift the sales outlook, but borrowing costs deepen losses
Earnings results
- EPS
Actual: −$1.27 GAAP loss per share · Matching consensus not provided.
- Revenue beat 3.1%
Actual: $3.661B · Cons.: $3.55B (LSEG).
- Guidance raised
2026 revenue: $13.0–13.3B vs. $12.4–13.2B.
What the company reported
CoreWeave raised its 2026 revenue outlook after AI computing demand drove 168% quarterly sales growth, while higher interest costs widened its net loss.
Q3 2026 earnings recap
CoreWeave raised its sales outlook after a strong third quarter, but rising borrowing costs show why rapid AI growth has yet to deliver a net profit.
- Revenue climbed 168% to $3.66 billion, beating analysts’ $3.55 billion forecast as demand for AI computing expanded.
- Management raised its 2026 revenue outlook to $13–13.3 billion from $12.4–13.2 billion, signaling faster delivery of computing capacity.
- Contracted future sales rose to $132.5 billion from $104 billion in June, giving expansion plans support while remaining dependent on delivery.
- Adjusted operating margin improved to 10% from 5% last quarter, but $846 million in net interest costs helped widen the net loss to $709 million.
- The $37–39 billion capital-spending plan makes funding crucial, with management expecting about $9 billion of customer prepayments and deposits over the next three months.
- At the $48.73 regular close, the stock remained below the $53.5–55.80 trading area it lost in early November.
The next test is whether customer cash and new capacity arrive fast enough to support growth as fourth-quarter interest expense approaches $1.1 billion.
Financials, technicals and earnings
Charts through Nov 10, 2026.
Technical setup and risks
The regular-session close remains below the early-November trading area; the next session will show whether investors sustain their response to stronger sales despite financing pressure.
AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.