CoreWeave (CRWV) Q3 loss per share $1.27 vs -$1.18 est.; raises full-year guidance

CoreWeave reported a third-quarter 2026 net loss of $1.27 per share, missing the $1.18 loss consensus, even as revenue surged to $3.66 billion from $1.37 billion a year earlier and adjusted EBITDA margin hit 62%. The AI cloud provider posted a net loss of $709 million, widened by $846 million in net interest expense, but raised full-year guidance and said adjusted operating margin reached double digits a quarter ahead of plan. CEO Michael Intrator said growth is backed by contract-backed financing, operating cash flow and roughly $9 billion in customer prepayments and deposits expected over the next three months. CoreWeave added more than 200 MW of active power to exceed 1.7 GW, doubling its footprint since the start of the year, and reported revenue backlog of about $132.5 billion as of September 30. Investors will watch whether the company converts its massive backlog and prepayment pipeline into revenue while containing interest costs that are driving GAAP losses.