CoreWeave Q3 Revenue Jumps 168% to $3.66B, Backlog Hits $132.5B

TREE NEWS reports: CoreWeave reported fiscal 2026 third-quarter revenue of $3.661 billion, up 168% year over year and above the roughly $3.55 billion market estimate, with adjusted EBITDA of $2.256 billion at a 62% margin. Revenue backlog reached $132.5 billion as of end-September, up 138% from a year earlier, and the company raised full-year revenue guidance to $13 billion-$13.3 billion. Shares rose about 5% after hours, though the quarter showed a GAAP net loss of $709 million and $14.511 billion in capital expenditure.