CoreWeave Q3 revenue jumps 168% YoY to $3.66B as backlog climbs to $132.5B and debt nears $47B

CoreWeave reported Q3 revenue of $3.66B, up 168% year-over-year and ahead of the $3.55B consensus, with revenue backlog climbing to $132.5B from $104B in June. Net loss widened to $709M on nearly $47B in total debt, and management raised FY26 guidance to $13.0-$13.3B with $37-$39B of planned capex and a 1.85 GW active power target by year-end.