CoreWeave beats earnings, lifts guidance, cancels CEO sale

On November 10, CoreWeave reported quarterly revenue up 168% from about $1.36 billion a year earlier and raised its 2026 outlook. The company posted a $709 million net loss and forecast 2026 revenue of $13 billion to $13.3 billion. Shares rose in extended trading after the stock had fallen more than 40% over the past month as financing costs weighed on AI-linked names.

In premarket trading on November 11, CoreWeave shares jumped 15% after third-quarter revenue rose 168% to $3.7 billion and the company raised full-year guidance. It expects adjusted operating income of $1.275 billion to $1.375 billion on revenue of $13 billion to $13.3 billion, above estimates. CEO Michael Intrator said growth was supported by customer contract financing and about $9 billion in prepayments and deposits, easing debt concerns.

Later on November 11, CEO Michael Intrator said he canceled his planned 10b5 stock sale after the company reported 168 percent year-over-year revenue growth and beat third-quarter expectations. Under the plan, announced in November 2025, he had sold 8.26 million shares at an average price of $96.14 for a total of $794.2 million. Intrator said the company does not anticipate any impact from the regulatory shift.