CoreWeave reported third-quarter 2026 results on November 10, 2026, with revenue climbing 168% year over year to $3.661 billion and revenue backlog reaching approximately $132.5 billion. The AI cloud provider also raised its full-year outlook, although its net loss widened to $709 million as interest and depreciation costs increased. Contracted AI Demand Drives Growth The earnings presentation attributes the revenue growth to strong execution, favorable pricing and customer demand for…
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CoreWeave AI Cloud Revenue Climbs 168% as Backlog More Than Doubles