Investing.com - CoreWeave reported Monday third-quarter results that topped Wall Street estimates as the artificial intelligence infrastructure provider’s revenue backlog was bolstered by a flurry of new business wins amid growing demand for AI-related hardware.
CoreWeave Inc (NASDAQ:CRWV) fell slightly in recent afterhours trading.
For the three months ended Sept. 30, CoreWeave, which sells access to Nvidia graphics processors as a service, reported a loss per share of $0.22, compared with expectations for loss of $0.51 per share. Revenue were $1.36 million, topping estimates of $1.28B.
The better-than-expected results come as the company set new records for revenue and almost doubled its revenue backlog to more than $55B, signaling strong demand.
Adjusting operating margin fell to 16% in Q3 from 21% in the same period a year earlier.
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CoreWeave reports better-than-expected Q3 results as revenue backlog jumps
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Nov 10, 2025 at 9:50 PM
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