CoreWeave stock rallied 15.27% to $56.12 after reporting $3.66 billion in Q3 revenue and disclosing a $132.5 billion revenue backlog as of Sept. 30.
Q3 revenue rose 168% year-over-year to $3.66 billion, about 3.4% above the $3.54 billion consensus, and the revenue backlog swelled to roughly $132.5 billion as of Sept. 30. The stock jumped 15.27% premarket to $56.12 on the print, though it remains down 32% year-to-date, so the beat only partially offsets a weak 2026 so far.
CoreWeave shares climbed 15.27% to $56.12 in premarket trading Wednesday following a strong third-quarter earnings report. The AI cloud provider posted $3.66 billion in revenue, a 168% increase year-over-year that topped analyst consensus estimates by 3.4%.
Third-quarter revenue of $3.66 billion beat analyst estimates by about 3.4%, and the company disclosed a revenue backlog of roughly $132.5 billion as of Sept. 30.
No. Even after the 15.27% premarket jump to $56.12, the shares are still down 32% year-to-date.