CoreWeave Shares Jump 15% as Q3 Revenue Hits $3.66 Billion

CoreWeave shares jumped about 15% in premarket trading Wednesday after the AI cloud provider posted $3.66 billion in third-quarter revenue and raised its 2026 outlook.

The stock traded near $56.15, about 15% above Tuesday’s close of $48.74. Revenue for the quarter ended Sept. 30 climbed 168% from a year earlier.

CoreWeave raised its full-year revenue forecast to $13 billion to $13.3 billion and lifted its adjusted operating income outlook to $1.275 billion to $1.375 billion. It also raised the low end of its 2026 capital spending range to $37 billion, with the high end unchanged at $39 billion.

Quarterly interest expense reached $846 million, up from $310 million a year earlier, while the net loss widened to $709 million from $110 million. Capital spending was $14.5 billion in the quarter, up from $9.4 billion in Q2; backlog was about $133 billion, up from $104 billion at the end of Q2. For Q4, CoreWeave expects interest expense of $1.05 billion to $1.15 billion.