📊 CoreWeave beats forecasts with $3.66B quarter as bond markets fret over its debt
AI cloud provider CoreWeave posted Q3 revenue of $3.66 billion, up 168% year on year and above the $3.55 billion Wall Street expected. Its revenue backlog grew to about $132.5 billion from $104 billion in June, and it raised its 2026 revenue forecast to $13-13.3 billion. But it still lost $709 million as interest expense hit $846 million, after its bonds had slid to yields above 16%. Shares rose about 6% after hours.
⭐ CoreWeave is a bellwether for the debt-fuelled AI build-out: demand looks strong, but financing it is getting expensive.
#AI
AI cloud provider CoreWeave posted Q3 revenue of $3.66 billion, up 168% year on year and above the $3.55 billion Wall Street expected. Its revenue backlog grew to about $132.5 billion from $104 billion in June, and it raised its 2026 revenue forecast to $13-13.3 billion. But it still lost $709 million as interest expense hit $846 million, after its bonds had slid to yields above 16%. Shares rose about 6% after hours.
⭐ CoreWeave is a bellwether for the debt-fuelled AI build-out: demand looks strong, but financing it is getting expensive.
#AI
