CoreWeave beats on revenue and lifts guidance, easing AI slowdown concerns

CoreWeave reported better-than-expected quarterly revenue and lifted its 2026 guidance on Tuesday, showing that demand for artificial intelligence infrastructure remains strong despite concerns of a market slowdown. The stock rose slightly in extended trading.

The earnings announcement lands at a particularly volatile moment for CoreWeave and its neocloud peers, as the market sours on the AI trade and as Nvidia CEO Jensen Huang , the central figure in the global buildout, faces a scandal tied to an affair with an alleged Chinese spy.

Here's how the company performed relative to LSEG consensus:

CoreWeave's revenue soared 168% from $1.36 billion a year earlier, according to a statement. The company recorded a net loss of $709 million, or $1.27 per share, compared to a net loss of $110 million a year earlier. Adjusted earnings exclude stock-based compensation.

Executives pushed up their forecast for all of 2026. They now see $1.275 billion to $1.375 billion in adjusted operating income on $13.0 billion to $13.3 billion in revenue. Analysts surveyed by Visible Alpha were looking for $1.07 billion in adjusted operating income, and analysts polled by LSEG had expected $12.86 billion in 2026 revenue. In August, the company projected $960 million to $1.15 billion in adjusted operating income and $12.4 billion to $13.2 billion in revenue.

CoreWeave has lost over 40% of its value in the past month, as investors rotate out of companies most closely tied to AI infrastructure. Rising interest rates have pushed lenders out of the market, raising concerns about ongoing access to capital. Some CoreWeave bond yields recently topped 16%.

Fellow neocloud Nebius , whose stock is down by a similar amount, is scheduled to report earnings on Thursday.

Both companies and several other providers of cloud-based graphics processing units are particularly reliant on Nvidia, which provides GPUs as well as necessary capital to the whole ecosystem. Nvidia shares have dropped nearly 10% to start the week as the Huang affair raises pressure on the company in Washington, D.C. Nvidia's board said on Tuesday that it hired Wachtell , Lipton, Rosen & Katz to investigate Huang and determine whether national security or company secrets were compromised.