--- title: "CoreWeave Reports Q3 Double Beat, Raises Guidance: 'This Was a Breakout Quarter'" type: "News" locale: "en" url: "https://longbridge.com/en/news/305070331.md" description: "CoreWeave (NASDAQ: CRWV) reported a Q3 double beat, with revenue reaching $3.66 billion and an adjusted loss of $0.95 per share, both surpassing estimates. Revenue surged 168% year-over-year, supported by a $132.5 billion backlog. The company raised its full-year 2026 revenue guidance to $13-$13.3 billion and increased capital expenditure expectations. CEO Michael Intrator called it a 'breakout quarter.' Shares rose 2.2% in after-hours trading." datetime: "2026-11-10T21:23:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305070331.md) - [en](https://longbridge.com/en/news/305070331.md) - [zh-HK](https://longbridge.com/zh-HK/news/305070331.md) generator: "portal-rs" --- # CoreWeave Reports Q3 Double Beat, Raises Guidance: 'This Was a Breakout Quarter' **CoreWeave Inc** (NASDAQ:CRWV) reported financial results for the third quarter after the closing bell on Tuesday. Here’s a rundown of the report. - **CoreWeave shares are trending. Where is CRWV stock going?** ## **CoreWeave Q3 Earnings Highlights** CoreWeave reported third-quarter revenue of $3.66 billion, beating analyst estimates of $3.55 billion, according to Benzinga Pro. The company reported a third-quarter adjusted loss of 95 cents per share, beating estimates for a loss of $1.16 per share. Total revenue was up approximately 168% on a year-over-year basis. The company said it ended the quarter with a revenue backlog of $132.5 billion. “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,” said **Michael Intrator**, co-founder and CEO 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.” The company reported $3.45 billion in operating expenses during the period and ended the quarter with approximately $4.12 billion in cash and cash equivalents. CoreWeave raised its full-year 2026 revenue guidance from a range of $12.40 billion to $13.20 billion to a new range of $13 billion to $13.3 billion, versus estimates of $12.86 billion. The company expects to exit the year with an annualized revenue run-rate of $20 billion to $21 billion. Full-year capital expenditures are expected to be between $37 billion and $39 billion versus prior guidance of $35 billion to $39 billion. CoreWeave said it continues to expect more than 1.85 gigawatts of active power at year-end. **CoreWeave management will discuss the quarter on an earnings call at 5 p.m. ET.** ## **CRWV Stock Rises After Earnings** CoreWeave shares were up 2.20% in after-hours, trading at $49.80 at the time of publication on Tuesday, according to Benzinga Pro. **Read Also: Hot CPI Pushes 10-Year Yield to 5%, Nvidia Sinks 6%: Stock Market Today** *Image: Shutterstock.com* ### Related Stocks - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [CORD.US](https://longbridge.com/en/quote/CORD.US.md) - [CRWG.US](https://longbridge.com/en/quote/CRWG.US.md) - [CRWU.US](https://longbridge.com/en/quote/CRWU.US.md) - [CRWX.US](https://longbridge.com/en/quote/CRWX.US.md) - [CWVX.US](https://longbridge.com/en/quote/CWVX.US.md) - [CWY.US](https://longbridge.com/en/quote/CWY.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [CoreWeave GAAP EPS of -$1.27 beats by $0.28, revenue of $3.66B beats by $120M](https://longbridge.com/en/news/305067393.md) - [CoreWeave Q3 Earnings – Here's What Analysts and Options Traders Expect from CRWV Stock](https://longbridge.com/en/news/304741237.md) - [CoreWeave Q3 Earnings Preview: Revenue Expected to Grow 159%, Debt and Financing Costs in Focus, Wall Street's Top Price Target at $278](https://longbridge.com/en/news/304812583.md) - [CoreWeave Q3 earnings on deck: What to expect](https://longbridge.com/en/news/304877049.md) - [CoreWeave says demand is outstripping capacity – CFO defends AI expansion: 'Today's environment very profitable' for differentiated technology](https://longbridge.com/en/news/305101338.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**