Back

CoreWeave Sets 2026 Revenue Outlook at $13–$13.3 Billion

lite News Desk 1 min read

CoreWeave’s full-year revenue forecast for 2026 stands at $13.0 billion to $13.3 billion, according to the company’s third-quarter results released on November 10. For the quarter ending September 30, the company recorded $3.661 billion in revenue, compared with $1.365 billion a year earlier.

The results also included an estimated revenue backlog of about $132.5 billion at September 30, 2026. In CoreWeave’s definition, that figure combines remaining performance obligations with additional revenue anticipated from customer contracts already committed. The estimate is subject to requirements for delivery and the availability of services.

For the full year, CoreWeave also forecast adjusted operating income between $1.275 billion and $1.375 billion. That outlook uses a non-GAAP measure, distinct from the company’s GAAP financial results.

The quarterly GAAP figures included $207 million in operating income and a net loss of $709 million. On an adjusted basis, CoreWeave recorded operating income of $379 million, equivalent to a 10% margin, alongside adjusted EBITDA of $2.256 billion. Both adjusted figures are non-GAAP measures; the earnings release includes reconciliations showing how they relate to the GAAP results.

CoreWeave’s capacity figures showed active power exceeding 1.7 gigawatts at the quarter’s close, while contracted power in total exceeded 4.6 gigawatts. The company said additions to active power during the three-month period amounted to more than 200 megawatts.

According to a statement accompanying the results from CEO Michael Intrator, funding for growth included operating cash flow and financing secured against customer contracts. The statement also included an expectation of roughly $9 billion in deposits and prepayments from customers over the next three months. That amount was an anticipated funding source, rather than a reported receipt.

In trading on Wednesday, November 11, 2026, CoreWeave’s shares gained 24.7%, according to Reuters. The closing level was the stock’s highest in two weeks.

* This article is based on publicly available information at the time of writing.

More from Companies & Markets

  1. The proposed sale includes 801.4 million new shares and 23.6 million shares from existing shareholders.

  2. Revenue reached ₹65,436 crore, up 11.5% year on year, in the July–September quarter, Tata Steel reported.

  3. Fox said Roku will join its FOX Digital Platforms division, which also includes Tubi, FOX One and other digital services.

  4. Japan’s Nikkei 225 fell 5.7% and South Korea’s Kospi dropped 7.4%, according to the Associated Press.

  5. Charles Schwab put the Nasdaq about 12% below its October 6 record, beyond the 10% threshold for correction territory.