CoreWeave's Q3 revenue reached $3.7 billion, up 168% year over year

According to TechFlow, on November 11, AI cloud computing infrastructure company CoreWeave released its Q3 2026 earnings report, with quarterly revenue reaching $3.7 billion, up 168% year over year; adjusted operating profit was $379 million, significantly above prior guidance.

CoreWeave said its adjusted operating margin reached double digits one quarter ahead of schedule. As of the third quarter, powered capacity in operation exceeded 1.7 GW, doubling from the beginning of the year.

In addition, the company received approximately $9 billion in customer prepayments and deposits in the third quarter.

Source: TechFlow