CoreWeave reported third-quarter revenue of $3.66 billion on Tuesday, November 10, surpassing analyst expectations of $3.56 billion and marking 168% year-over-year growth. The Nvidia-backed AI infrastructure provider raised its 2026 revenue guidance to $13.0–$13.3 billion from the previous range of $12.4–$13.2 billion. Adjusted operating income guidance was also raised to $1.275–$1.375 billion from $0.96–$1.15 billion. The stock closed down 0.5% on Tuesday but surged 7.9% in after-hours trading. Backlog reached $132.5 billion, up from $104.0 billion in Q2, indicating strong AI demand ahead.

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