US EditionCoreWeave beats third-quarter revenue estimates on AI computing boom
- On Monday, CoreWeave, a provider of infrastructure for artificial intelligence companies, reported third-quarter revenue of $1.36 billion, beating analyst estimates of $1.29 billion.
- Executives said the surge reflected demand for AI compute and large contracts, including a $6.5 billion OpenAI expansion and a six-year Meta Platforms deal worth up to $14.2 billion.
- CoreWeave ended the quarter with a $55.6 billion revenue backlog and 2.9 gigawatts contracted power, while adjusted third-quarter core profit of $838.1 million beat estimates.
- Investors reacted as CoreWeave shares closed at $105.61, a 164% return, while management scheduled an earnings call at 5 p.m. ET to discuss the quarter and provide guidance.
- Despite the results, CoreWeave faces setbacks after Core Scientific terminated a $9 billion merger and scrutiny following its $1.5 billion IPO earlier this year at $40 per share.
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CoreWeave earnings: Data-center operator posts $56 billion in contracted future revenue, but revenue guidance drops
CoreWeave needed a lot of things to go right on Monday as it released third-quarter financial results, and one of the most critical was showing that its contracted future revenues could hit a $50 billion target Wall Street had set as a benchmark for the AI data-center and infrastructure operator. In its announcement, CoreWeave confirmed it nearly doubled its revenue backlog, which includes “remaining performance obligations” (RPOs) and other am…
CoreWeave beats third-quarter revenue estimates on AI computing boom
AI cloud provider CoreWeave beat Wall Street estimates for third-quarter revenue on Monday, benefiting from surging demand for its computing infrastructure that powers artificial intelligence workloads.CoreWeave has cemented its position as a key infrastructure partner for the biggest names in technology, lan
Complete CoreWeave (CRWV) Q3 Earnings Coverage
Live Updates CoreWeave Shares Just Collapsed 7% - Here's Why Nov 10, 2025 5:16 PM Live CoreWeave’s conference call is starting in the next few minutes and shares are down 2.5%. We’ll see if there are any major shifts in share price druing the call. Here's Why Shares Of CoreWeave are Down After-Hours Following the Company's Q3 Earnings Nov 10, 2025 4:37 PM Live Revenue more than doubled, rising 133.7% to $1.36 B, while operating income plun…
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