On November 10, after the market closed, CoreWeave reported third-quarter 2026 revenue of $3.66 billion, up 168% year over year and above Wall Street expectations of approximately $3.55 billion. The company also raised its full-year revenue outlook, while its revenue backlog climbed to $132.5 billion.
CRWV's revenue surged 168%, with orders exceeding $130 billion! Can it reverse pessimistic market expectations?
CRWV, a rising server company that had previously suffered a double whammy in both stock and bond markets due to market concerns about a surge in capital expenditures and financing, delivered an impressive Q3 result. However, behind the impressive performance, the market still worries about its high capital expenditures, heavy interest expenses, financing needs, and customer concentration.
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