From: wallstengine
COREWEAVE $CRWV Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $3.66B (Est. $3.55B) 🟢; +168% YoY 🔹 Adj. Operating Income: $379M (Est. $234M) 🟢 🔹 Adj. EBITDA: $2.26B (Est. $2.04B) 🟢; +169% YoY 🔹 Adj. Net Loss: -$529M (Est. -$677M) 🟢 🔹 GAAP EPS: -$1.27
Raises FY26 Guide: 🔹 Revenue: $13.0B-$13.3B 🔹 Adj. Operating Income: $1.3B-$1.4B 🔹 CapEx: $37B-$39B; from $35B-$39B 🔹 Active Power: >1.85 GW 🔹 Run-Rate Revenue: $20B-$21B
Other Q3 Metrics: 🔹 Revenue Backlog: ~$132.5B 🔹 Active Power: >1.7 GW; +200 MW added 🔹 Contracted Power: >4.6 GW; +900 MW added 🔹 International Power: >1.3 GW
Announcements: 🔹 CoreWeave Forge: AI development environment launched 🔹 Vera Rubin NVL72: 4.8x greater token throughput 🔹 Convertible Notes: ~$4.2B raised 🔹 DDTL 5.5 Facility: $2.6B closed
Comments: 🔸 “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.”
🔸 “approximately $9 billion in customer prepayments and deposits expected in the next three months alone.”
