CoreWeave lifts its 2026 revenue forecast but targets profitability only in 2028
AI · Wednesday, November 11, 2026 · 4 sources

CoreWeave lifts its 2026 revenue forecast but targets profitability only in 2028

CoreWeave raised its 2026 revenue forecast to US$13 billion–US$13.3 billion (€11.2 billion–€11.5 billion), above its previous upper estimate of US$13.2 billion (€11.4 billion). The Nvidia-backed computing provider, which borrows heavily to build data-centre capacity, said it expects to become profitable on an adjusted basis in the first half of 2028.

Bottom line — CoreWeave’s US$132.5 billion (€114.1 billion) backlog is growing, but the company still targets adjusted profitability only in 2028.

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  1. CoreWeave reported third-quarter revenue of US$3.66 billion (€3.15 billion), up nearly 170% year on year, according to The Straits Times.

  2. The company’s revenue backlog reached US$132.5 billion (€114.1 billion) at the end of September, up from US$104 billion (€89.6 billion) at the end of June, The Straits Times reported.

  3. Quarterly capital spending rose to US$14.5 billion (€12.5 billion) from US$9.4 billion (€8.1 billion) the previous quarter, according to The Straits Times.

  4. CoreWeave said it had about US$46.9 billion (€40.4 billion) in total debt at September-end and expects to raise less than US$5 billion (€4.3 billion) in additional capital through 2027, The Straits Times reported.

  5. CEO Mike Intrator told Reuters that US$9 billion (€7.8 billion) in customer prepayments and deposits would flow in over the following three months.

  6. CoreWeave said it was largely sold out of capacity through the next year, with demand about ten times available supply, according to The Straits Times.

  7. CNA reported that CoreWeave’s 2031 bonds yielded about 16% and the cost of insuring its debt against default had climbed to around 1,000 basis points.

  8. CNA quoted analysts who said investor concerns centred on how data-centre expansion is financed, rather than a sudden collapse in demand for AI computing.

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Last generated: Nov 11, 2:12 PM UTC by wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Nov 11, 2:12 PM UTC by wreetco