CoreWeave expects $13.0B-$13.3B 2026 revenue as it targets $20B-$21B exit run-rate revenue (NASDAQ:CRWV)

CoreWeave reported Q3 revenue of $3.66B, exceeding estimates, and raised its annual sales forecast to $13B-$13.3B. Shares rose 5% post-earnings, despite a 32% YTD decline. The company faces debt concerns, political opposition to data centers, and customer shifts, including Microsoft's reduced spending. CoreWeave serves clients like OpenAI and Meta, and partners with Nvidia.

CoreWeave (CRWV) rose 12.6% in overnight trading after Q3 earnings beat expectations, with revenue up 168% YoY to $3.66B. The company raised full-year revenue guidance but faces financing concerns, with net interest expense exceeding operating income. CoreWeave's backlog grew 27% to $132.5B, though it's not immediately collectible. Nvidia's CEO controversy adds uncertainty to the AI sector.

CoreWeave reported Q3 revenue of $3.66B, up 168%, but net loss grew to $709M due to higher borrowing costs. The company's backlog rose to $132.5B, leading to raised full-year revenue and adjusted operating income guidance. Capex guidance increased to $37B-$39B, with $4.12B in cash and $47B in debt. Retail sentiment on CRWV turned 'extremely bullish' according to StockTwits.

Micron (MU), Sandisk (SNDK), and SK Hynix (SKHY) stocks rose overnight after CoreWeave's strong earnings report. CoreWeave reported $3.66B revenue, 168% growth, and raised its full-year forecast. Analysts remain bullish on memory stocks due to AI demand, with price targets suggesting significant upside for all three companies.

CoreWeave (CRWV) reported $14.5B in Q3 capital expenditures, exceeding guidance, and expects $9B in customer prepayments over the next three months. The company raised 2026 revenue guidance to $13B-$13.3B and adjusted operating income to $1.275B-$1.375B, with capital expenditures forecasted at $37B-$39B. CoreWeave anticipates turning profitable in 2028 and has over 1.7 gigawatts of active power.

U.S. stock futures rose slightly after Wall Street's decline, driven by higher-than-expected CPI data and Nvidia's losses. S&P 500, Nasdaq, and Dow Jones indices fell 0.4%, 0.7%, and 0.3% respectively. Fed officials signaled potential rate hikes, with markets pricing in a 91% chance of a 25-basis-point increase in December. CoreWeave gained over 5% after reporting strong earnings.