CoreWeave surges over 17% pre-market after Q3 revenue jumps 168%

On November 11, BIT stock platform data showed that CoreWeave (CRWV.O), a U.S. AI cloud service provider, surged over 17% in pre-market trading, with its current gain at 13.5% to $55.30. The company released its earnings report this morning: Q3 revenue reached $3.66 billion, a 167% year-on-year increase, surpassing the market expectation of $3.55 billion; EPS loss was $0.95, better than the expected loss of $1.16. The company expects to achieve adjusted profitability in the first half of 2028. Meanwhile, CoreWeave raised its full-year 2026 revenue guidance from $12.4 billion to $13.2 billion to $13.0 billion to $13.3 billion, and increased the lower end of its full-year expenditure guidance by $2.0 billion, resulting in a new range of $37.0 billion to $39.0 billion. As of September 30, its total signed but unconfirmed revenue amounted to $132.5 billion, a significant increase from $104.0 billion at the end of June; Q3 capital expenditures rose to $14.5 billion from $9.4 billion in the prior quarter.