---
format: "aidr-story-markdown/v1"
id: "b1ef46939388be54f83c927076d04c6b7d50d042eee285f0f4edd72fb2ce47ff"
canonical_url: "https://aidr.today/b1ef4693?lang=en"
title: "CoreWeave's Revenue Backlog Swells to $132.5B on Surging AI Compute Demand"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-11-11T03:39:13.000Z"
category: "Industry"
topics: ["funding"]
source_urls: ["https://marketbrief.now/earnings/coreweaves-revenue-backlog-swells-to-1325b-on-surging-ai-compute-demand-5a60f733","https://huggingnews.com/earnings/coreweaves-revenue-backlog-swells-to-1325b-on-surging-ai-compute-demand-5a60f733","https://x.com/wallstengine/status/2120285797513572832","https://x.com/wallstengine/status/2120280129972871479","https://x.com/wallstengine/status/2120288491817042281","https://x.com/moninvestor/status/2120290156057878621","https://x.com/RealJimChanos/status/2120337532218941721","https://x.com/saxena_puru/status/2120346443701797363"]
summary: "CoreWeave reported third quarter revenue of $3.66B, a 168% increase from a year ago, and raised its forecast for its year-end annualized revenue run-rate to between $20B and $21B. The company's revenue backlog climbed 138% to approximately $132.5B, with management stating that qualified demand for its compute capacity through 2027 now exceeds its available supply by 10 to 1. CoreWeave expects to collect $9B in customer prepayments and deposits over the next three months to fund infrastructure expansion, and nudged its 2026 capital expenditure guidance higher to $37B-$39B while expecting to achieve positive adjusted net income in the first half of 2028."
---

# CoreWeave's Revenue Backlog Swells to $132\.5B on Surging AI Compute Demand

> [Open the canonical story](<https://aidr.today/b1ef4693?lang=en>)

**Published:** 2026-11-11T03:39:13.000Z
**Category:** Industry
**Topics:** funding

## Summary

CoreWeave reported third quarter revenue of $3\.66B, a 168% increase from a year ago, and raised its forecast for its year\-end annualized revenue run\-rate to between $20B and $21B\. The company's revenue backlog climbed 138% to approximately $132\.5B, with management stating that qualified demand for its compute capacity through 2027 now exceeds its available supply by 10 to 1\. CoreWeave expects to collect $9B in customer prepayments and deposits over the next three months to fund infrastructure expansion, and nudged its 2026 capital expenditure guidance higher to $37B\-$39B while expecting to achieve positive adjusted net income in the first half of 2028\.

## Sources

- [Story source](<https://marketbrief.now/earnings/coreweaves-revenue-backlog-swells-to-1325b-on-surging-ai-compute-demand-5a60f733>)
- [Story source](<https://huggingnews.com/earnings/coreweaves-revenue-backlog-swells-to-1325b-on-surging-ai-compute-demand-5a60f733>)
- [Story source](<https://x.com/wallstengine/status/2120285797513572832>)
- [Supporting source](<https://x.com/wallstengine/status/2120280129972871479>)
- [Supporting source](<https://x.com/wallstengine/status/2120288491817042281>)
- [Story source](<https://x.com/moninvestor/status/2120290156057878621>)
- [Supporting source](<https://x.com/RealJimChanos/status/2120337532218941721>)
- [Supporting source](<https://x.com/saxena_puru/status/2120346443701797363>)