CoreWeave, 8-K 제출: 영업 실적

Item 2.02 Results of Operations and Financial Condition

CoreWeave Reports Strong Third Quarter 2026 Results

Disciplined Growth at Scale Drives Record Third Quarter Revenue and Expanding Margins

LIVINGSTON, N.J., – November 10, 2026 – CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI Ⓡ , today reported financial results for the third quarter ended September 30, 2026.

"This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan," said Michael Intrator, co-founder, chairman and chief executive officer of CoreWeave. "Our growth is supported by multiple sources of funding, including financing backed by customer contracts, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months alone. That financial flexibility positions us to keep delivering the infrastructure and software customers need to build, run, and scale AI." Third Quarter 2026 Financial Highlights

Non-GAAP Financial Measures

(See “Non-GAAP Financial Measures” and the reconciliation of GAAP to non-GAAP results table in this press release for additional information.)

Additional Third Quarter 2026 Financial Highlights

Revenue backlog 1 was approximately $132.5 billion as of September 30, 2026.

1 Revenue backlog includes remaining performance obligations, plus other amounts we estimate will be recognized as revenue in future periods under committed customer contracts, in each case, subject to the satisfaction of delivery and availability of service requirements.

Third Quarter 2026 Highlights

• Customer Wins across AI Labs, Hyperscalers, and Enterprises

◦ Partner of choice for leading enterprises and AI pioneers, including Canva, Mirendil, Parallel Web Systems, Serve Robotics, Substack, and Wayve

◦ Expanded relationships with existing enterprise and AI native customers including Chan Zuckerberg Initiative, Cohere, Hippocratic AI, Jane Street, OpenAI, and Perplexity

• Continued Rapid Scaling of Purpose-Built AI Infrastructure

◦ Added more than 200 MWs of active power to reach over 1.7 GW, doubling our active footprint since the start of the year

◦ Grew total contracted power more than 900 MW to over 4.6 GW, while further diversifying portfolio of providers and expanding powered land footprint

◦ Broadened our international footprint to more than 1.3 GW of contracted power including India, Indonesia, and Spain

• Key Technology Leadership Milestones

◦ Launched CoreWeave Forge, the AI development environment that integrates training, inference, evaluation, and agent development workflows, bringing frontier capabilities to the next generation of AI builders across enterprises

◦ Led the transition to the next generation of AI infrastructure

▪ Brought online multi-rack NVIDIA Vera Rubin NVL72 deployments, with the first production workloads for Cognition on the platform achieving 4.8x greater token throughput than GB200 NVL72

▪ Announced support for NVIDIA Vera, the first CPU designed for AI agents, to support rapid growth of post-training and agentic workloads

◦ Broadened enterprise AI capabilities of CoreWeave Cloud

▪ Introduced Physical AI Field Engineering, embedding CoreWeave engineers with customer teams to turn proprietary data into production AI

▪ Established the CoreWeave Partner Network, a curated ecosystem of production-validated integrations spanning observability, security, and data infrastructure, with partners including Grafana Labs, CrowdStrike, and VAST Data

◦ Continued to set the standard for AI cloud performance

▪ Became the only provider to earn SemiAnalysis’ Platinum ClusterMAX™ rating three consecutive times

▪ Delivered record-setting MLPerf ® Inference v6.1 performance, achieving highest server throughput among cloud providers using an NVIDIA GB300 NVL72 rack

• Strengthening Financial Position

◦ Raised approximately $4.2 billion through an upsized offering of convertible senior notes

◦ Established inaugural at-the-market equity program for up to 35 million shares of Class A common stock

◦ Closed the $2.6 billion DDTL 5.5 Facility, CoreWeave’s first financing facility designed to support shorter-duration customer contracts

• Other Noteworthy Updates

◦ Expanded support for sovereign and public-sector AI workloads through a collaboration with Leidos to deliver secure AI cloud capabilities for defense, national security, and intelligence missions

◦ Selected to deliver a fully managed AI cloud environment supporting biological research for DARPA alongside Parallel Works

◦ Entered into a multi-year agreement with Solidigm securing priority access to enterprise SSD capacity

Business Outlook

We are raising our full year 2026 revenue guidance to a range of $13.0 billion to $13.3 billion.

We are also raising our full year 2026 adjusted operating income 2 guidance to a range of $1.275 billion to $1.375 billion, representing a 26% increase at the midpoint compared with our prior guidance.

We continue to expect more than 1.85 gigawatts of active power at year-end.

We now expect full year 2026 capital expenditures of $37 billion to $39 billion, raising the low end of our prior guidance range of $35 billion to $39 billion. This is as a result of our expectation to deploy infrastructure and deliver it to customers sooner than planned.

We expect interest expense for Q4 2026 in the range of $1.05 to $1.15 billion.

Finally, we are raising our annualized run-rate revenue 3 guidance to $20 billion to $21 billion to exit 2026.

Webcast and Conference Call Information

CoreWeave will host an audio webcast to discuss the results for the third quarter of 2026, provide a business update, and share forward-looking guidance at 2:00 pm PT / 5:00 pm ET today. The live webcast of CoreWeave’s earnings conference call can be accessed via the CoreWeave Investor Relations website at investors.coreweave.com, along with the earnings press release and accompanying presentation.

Following the call, a replay will be available at the same website. A transcript of the conference call will be posted to the investors.coreweave.com website.