CoreWeave Reports Strong Third Quarter 2026 Results
Business Wire•10/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $3.661 billion, up from $1.365 billion year over year
- ➤Q3 adjusted EBITDA $2.256 billion, with a 62% margin
- ➤FY 2026 revenue guidance raised to $13.0 billion-$13.3 billion
- ➤FY 2026 adjusted operating income guidance raised to $1.275 billion-$1.375 billion
- ➤Revenue backlog approximately $132.5 billion as of September 30, 2026
Expert Statements
Michael Intrator, Co-founder, chairman and chief executive officer of CoreWeave
“This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan.”
Michael Intrator, Co-founder, chairman and chief executive officer of CoreWeave
“Our growth is supported by multiple sources of funding, including financing backed by customer contracts, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months alone.”
Michael Intrator, Co-founder, chairman and chief executive officer of CoreWeave
“That financial flexibility positions us to keep delivering the infrastructure and software customers need to build, run, and scale AI.”
Disciplined Growth at Scale Drives Record Third Quarter Revenue and Expanding Margins
CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI(Ⓡ), today reported financial results for the third quarter ended September 30, 2026.
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