CoreWeave beats revenue forecast, lifts 2026 guidance as AI stocks rebound

CoreWeave reported quarterly revenue of $3.66 billion, beating the $3.55 billion expected by analysts and soaring 168% from about $1.36 billion a year earlier. The company posted a net loss of $709 million, or $1.27 per share, compared with a net loss of $110 million a year earlier.

Executives raised their 2026 forecast. They now expect adjusted operating income of $1.275 billion to $1.375 billion on revenue of $13 billion to $13.3 billion. Analysts surveyed by Visible Alpha had projected $1.07 billion in adjusted operating income.

“Our motion is to increase the commitment of customers”

The results eased concerns about artificial intelligence infrastructure spending and financing. CoreWeave shares rose slightly in extended trading after losing more than 40% of their value over the past month.

Cloud and cybersecurity software stocks rallied on the report. Datadog gained 5% to $187.79, Cloudflare rose 5% to $320.88, Fortinet climbed 5% to $129.94, and CrowdStrike added 4% to $235.17.

Datadog’s own shares remain down 36% over the past month, while Fortinet is down 33%. Datadog’s Q3 2026 revenue rose 35% year over year to $1.2 billion, though several large customers renewed early at lower pricing.

CoreWeave said it will fund most of its 2027 capital needs through client prepayments and financing from hardware partners.