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.
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CoreWeave (NASDAQ: CRWV) Blowout Quarter Signals Robust AI Infrastructure Demand, Lifting Nasdaq 1.6%
A single earnings report rewrote the market narrative on Wednesday, November 11, as CoreWeave’s (NASDAQ: CRWV) record quarterly revenue of $3.66 billion signaled that AI infrastructure spending remains firmly intact. The company raised its full-year 2026 revenue outlook alongside the results, dispelling lingering concerns about whether corporate demand for computing capacity could justify the enormous […]
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, ...
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