CoreWeave has shed 45% in a month. Does its third-quarter revenue top $3.6 billion when it reports Nov 10?
60% of users predicted YES — the community got this one right. 5 predictions cast.
CoreWeave reported third-quarter 2026 revenue of $3.661 billion on Nov. 10, topping the $3.6 billion threshold and beating the high end of the $3.4 billion-to-$3.6 billion guidance range the AI-cloud company had issued in August. Revenue more than doubled from $1.365 billion in the same quarter of 2025, and the company's contracted revenue backlog grew to approximately $132.5 billion as of Sept. 30, according to its earnings release filed with the SEC. CEO Michael Intrator said quarterly revenue rose by more than $1 billion sequentially and that adjusted operating margins reached double digits a quarter ahead of the company's own plan. The beat came despite a rough month for CoreWeave's stock, which had shed roughly 45% of its value in the weeks before the report amid broader concerns about AI-infrastructure spending and data-center demand. The results offered some reassurance to investors that underlying demand for CoreWeave's GPU-cloud capacity remained strong even as its share price had been hit by sector-wide skepticism about AI capital expenditure. The community largely anticipated the beat: 60% of Predict Six voters correctly predicted revenue would clear $3.6 billion, matching the outcome once CoreWeave's earnings release became public.