Infrastructure · 11 November 2026 · 4 min read
CoreWeave reports third-quarter revenue of $3.66 billion
CoreWeave’s 10 November results put revenue at $3,661 million, against $1,365 million a year earlier. Net loss was $709 million, and net interest expense was $846 million. Revenue backlog was about $132.5 billion. Contracted power grew by more than 900 megawatts to over 4.6 gigawatts. The written results do not state a price change for older Nvidia processors.
CoreWeave said on 10 November that revenue for the three months ended 30 September 2026 was $3,661 million, against $1,365 million in the same quarter of 2025. Operating income was $207 million. Net interest expense was $846 million. The net loss was $709 million. A year earlier the net loss was $110 million. Revenue backlog was approximately $132.5 billion at 30 September. The company defines that figure as remaining performance obligations plus other amounts it estimates it will recognise under committed contracts, subject to delivery and availability.
The release says total contracted power grew by more than 900 megawatts, to over 4.6 gigawatts. It says the company continues to expect more than 1.85 gigawatts of active power at year-end. Full-year 2026 revenue guidance was raised to $13.0 billion to $13.3 billion. Adjusted operating income guidance was raised to $1.275 billion to $1.375 billion. Capital-expenditure guidance is $37 billion to $39 billion, with the low end raised from $35 billion. Expected interest expense for the fourth quarter is $1.05 billion to $1.15 billion. The written results do not state a quarter-on-quarter change in the price of Nvidia Ampere or Hopper processors.