CoreWeave expects 2026 revenue of $13.0 billion to $13.3 billion and targets an exit run-rate of $20 billion to $21 billion. It raised its full-year outlook after beating Q3 revenue expectations and expectations across seven key metrics. Rental pricing for compute capacity based on Nvidia’s Ampere and Hopper architectures rose 30% to 50% quarter over quarter. The stock surged 12.6% in overnight trading, while total debt reached $47 billion and expected Q4 interest payments were $1.05 billion to $1.15 billion; yields on notes maturing in 2031 and 2032 neared 15%.
The higher outlook came as quarterly revenue nearly doubled, but net loss widened to $709 million as the company increased capital spending to accelerate expansion.
Read the full storyRevenue topped the average forecast and the company raised its annual outlook, while interest expense and net loss rose as infrastructure investment accelerated.
The company boosted its outlook after a third-quarter revenue surge and raised capital spending as it accelerates infrastructure delivery amid a large backlog and heavy debt.