Dubai: CoreWeave raised its 2026 revenue forecast after third-quarter sales jumped 168 per cent to $3.66 billion. Shares rallied about 7 per cent in extended trading on November 10. Revenue beat the $3.55 billion analysts expected. Backlog reached $132.5 billion at the end of September, up from $104 billion in June. The company now projects 2026 revenue of $13 billion to $13.3 billion. Adjusted operating income guidance rose to $1.275 billion to $1.375 billion.AdChoicesADVERTISINGThe company has still a while to go before turning profitable. Net loss widened to $709 million from $110 million a year earlier. Interest costs of $846 million ran four times operating income of $207 million. Debt stands near $47 billion, and executives expect adjusted profit only in the first half of 2028. Capital spending for 2026 is guided at $37 billion to $39 billion.
