NASDAQ:CRWV

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CoreWeave Jumps 18% After Hours as Revenue Surges and 2026 Guidance Rises

CoreWeave (NASDAQ: CRWV) shares surged about 18% in after-hours trading after the AI cloud infrastructure provider reported a sharp acceleration in third-quarter revenue, expanding margins and higher full-year guidance.

Third-quarter revenue reached $3.66 billion, up from $1.37 billion a year earlier and more than $1 billion higher sequentially. Adjusted EBITDA rose to $2.26 billion, representing a 62% margin, while adjusted operating income reached $379 million and adjusted operating margin improved to 10%.

The company remained deeply loss-making on a GAAP basis, however. Net loss widened to $709 million from $110 million a year earlier, largely reflecting heavy financing costs. Net interest expense reached $846 million, while adjusted net loss was $529 million.

Demand visibility strengthened significantly, with revenue backlog reaching approximately $132.5 billion at the end of September. CoreWeave also expanded active power capacity to more than 1.7 GW and contracted power to more than 4.6 GW as it continued building out AI infrastructure globally.

Management raised full-year 2026 revenue guidance to $13.0-$13.3 billion and increased adjusted operating income guidance to $1.275-$1.375 billion, representing a 26% increase at the midpoint from its prior outlook. The company also lifted its year-end annualized run-rate revenue target to $20-$21 billion.

Capital spending remains extremely high, with CoreWeave now expecting 2026 capex of $37-$39 billion, while fourth-quarter interest expense is projected at $1.05-$1.15 billion.

The 18% after-hours rally appears to reflect the combination of accelerating revenue growth, a massive backlog, earlier-than-expected margin expansion and higher full-year guidance, outweighing continued concerns around leverage, interest expense and capital intensity.
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Author
Global Finance News 11-11-26
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CoreWeave Gains as JPMorgan Upgrades CRWV to Overweight, Raises Target to $125

CoreWeave (NASDAQ: CRWV) shares rose about 4% Thursday after JPMorgan upgraded the AI infrastructure company to Overweight from Neutral and raised its December 2027 price target to $125 from $120.

Analyst Samik Chatterjee cited strong demand for AI compute capacity, a favorable pricing environment and CoreWeave’s ability to secure short-term contracts at premium rates. Recent contracts have included terms of roughly three to six months, while higher compute pricing appears to be more than offsetting increased costs and supporting stronger contribution margins on new agreements. JPMorgan also pointed to pricing increases across the GPU compute market as evidence that demand remains tight (Blockspace).

The upgrade comes as CoreWeave continues to expand rapidly. Second-quarter revenue reached $2.58 billion, up 112% year over year, while backlog stood near $104 billion before including more than $25 billion of additional customer commitments secured early in the third quarter.

CoreWeave shares were trading around $90.29, up roughly 3.9%. JPMorgan’s new $125 target reflects expectations that strong AI infrastructure demand and improved pricing could continue to support revenue growth and margins.
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Author
WS Investor 09-24-26
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11-11-26Global Finance News
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10-19-26WS News
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09-12-26European Investor