CoreWeave beats on revenue and lifts guidance, easing AI slowdown concerns
- CoreWeave, led by CEO Mike Intrator, reported $3.66 billion in quarterly revenue, a 168% year-over-year increase that topped LSEG expectations. Management raised 2026 revenue guidance to $13.0 billion to $13.3 billion.
- Demand for AI infrastructure remains robust, with the company's revenue backlog reaching $132.5 billion, up from $104 billion as of June. CoreWeave owed almost $47 billion in debt at the end of the third quarter.
- Projected 2026 adjusted operating income is now $1.275 billion to $1.375 billion, a significant raise from August estimates of $960 million to $1.15 billion. The company continues bolstering computing capacity for clients.
- Next week, key customer Anthropic is scheduled to debut on the Nasdaq with a potential valuation around $1.4 trillion. Meanwhile, Nvidia CEO Jensen Huang faces a board investigation by Wachtell, Lipton, Rosen & Katz amid sector volatility.
- Management anticipates 1.85 gigawatts of active power by year-end 2026, targeting $37 billion to $39 billion in full-year capital expenditures. The company will launch its first data centers in Asia.
63 Articles
63 Articles
CoreWeave CEO Intrator tells CNBC he has canceled his planned share sale program
CoreWeave Chief Executive Michael Intrator announced on Wednesday that he had terminated his 10b5-1 stock sale plan, stating that any future share dispositions would be limited to routine tax-related transactions. Under the program announced in November 2025, Intrator had previously sold 8.26 million shares at an average price of $96.14 per share, generating approximately $794.2 million in proceeds. The decision came as the company released thir…
(New York = Yonhap News) Correspondent Kim Yeon-sook = The CEO of Coreweave, an AI cloud company that has been experiencing a stock price decline recently amidst concerns about an AI bubble, ...
CoreWeave Lifts Its 2026 Forecast and Rules Out New Unsecured Debt at Today's Yields
CoreWeave's third-quarter revenue rose 168% to $3.66 billion, and the AI cloud provider raised its full-year outlook. Its finance chief said the company won't issue new parent-level unsecured debt through 2027 at current yields.
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