CoreWeave surges over 17% in premarket trading, Q3 revenue up 168%.

BlockBeats news, November 11 - According to data from the BIT stock platform, AI cloud service provider CoreWeave (CRWV.O) rose over 17% in pre-market trading on the US stock market, and is currently up 13.5% at $55.3.

CoreWeave released its financial report this morning, with third-quarter revenue up 167% year-over-year to $3.66 billion, beating market expectations of $3.55 billion; loss per share was $0.95, smaller than the expected $1.16. It is expected to achieve adjusted profitability in the first half of 2028. CoreWeave raised its full-year 2026 revenue guidance from $12.4 billion to $13.2 billion to $13 billion to $13.3 billion, and raised the lower bound of its full-year spending guidance by $2 billion, with the latest range at $37 billion to $39 billion. As of the end of September, the company had signed but not yet recognized revenue of $132.5 billion, up from $104 billion at the end of June. Third-quarter capital expenditures rose to $14.5 billion from $9.4 billion in the previous quarter.

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