CoreWeave Expected to Report $1.55 Per-Share Loss Today
Key Facts
CoreWeave will report third-quarter 2026 results on a call scheduled for today, Tuesday, November 10, at 5 p.m. Eastern time, according to the company’s investor relations calendar. Analysts expect a loss of $1.55 per share, compared with a loss of 22 cents in the same quarter last year, according to estimates cited by Kiplinger. Revenue, meanwhile, is expected to rise to $3.5 billion from $1.4 billion a year earlier. The estimates put sales growth and the widening loss at the center of what investors will examine in the report. The company will also present its forward guidance and information about its business during the online call.
The comparison with the second quarter reflects continued revenue growth alongside losses and high financing expenses. The company reported revenue of $2.575 billion in the second quarter of 2026, compared with $1.212 billion in the same period of 2025, while its net loss widened to $626 million from $290 million, according to its published results. Net interest expense was $640 million, compared with $267 million a year earlier. These figures provide context for assessing whether business growth is translating into improved financial performance, as the market awaits the expected third-quarter per-share loss. Oppenheimer analyst Param Singh expects the report to beat expectations and the company to raise its guidance, citing increased available capacity and pricing, according to Kiplinger.
CoreWeave leases computing capacity powered by Nvidia processors to companies developing and operating artificial intelligence, including Microsoft and OpenAI, according to a Reuters report. The company said in September that it had signed short-term contracts during the third quarter, lasting between 3 and 6 months, at an annualized price of about $40 million per megawatt. Contracted capacity also rose to about 4.2 gigawatts on August 11, from about 3.7 gigawatts on June 30, the company said. These indicators provide context for revenue expectations, linking the capacity the company contracted and the prices it negotiated during the quarter. Investors will continue to watch how contracted capacity and available supply translate into actual revenue in management’s guidance.
But business growth comes with substantial financing needs and spending on infrastructure. The company had about $50 billion in debt as of October 15 and had not yet turned a profit by that date, according to data compiled by LSEG and cited by Reuters. In August, CoreWeave raised its annual capital spending forecast by $4 billion, to a range of $35 billion to $39 billion for 2026. Its backlog of contracted revenue stood at $104.2 billion at the end of the second quarter, before the company added more than $25 billion in new commitments early in the third quarter. Nvidia agreed to buy CoreWeave’s unsold capacity through April 2032, according to Reuters.
Investors’ questions, Reuters reported, center on whether growth in artificial intelligence revenue will keep pace with the cost of building and financing infrastructure. That concern has been reflected in recent share moves: the stock rose 5.6% on November 9 after falling 15.4% during the previous week, according to the Associated Press. In the November 6 session, the stock gained 6.3% as some shares of artificial intelligence data-center infrastructure companies recovered after a sharp sell-off. Today’s results follow those moves, putting expected losses and revenue alongside spending and capacity commitments in the spotlight. The 5 p.m. Eastern time call will give the company a chance to present its third-quarter results, forward guidance and information about its business.