CoreWeave (CRWV) beat Q3 revenue estimates and raised its forecast. Its equipment spending topped operating cash by $7.5 billion.

Key points CoreWeave rules out new unsecured bonds through 2027 at current yields CoreWeave's equipment spending topped its operating cash by $7.5 billion CoreWeave's interest bill was four times its operating income CoreWeave (CRWV) reported third-quarter revenue of $3.66 billion on Tuesday, up 168% from a year earlier and above the $3.55 billion analysts expected, according to LSEG data cited by CNBC. That was also above the top of CoreWeave's own $3.45 billion to $3.60 billion forecast. The company raised its 2026 revenue forecast to $13.0 billion to $13.3 billion, from $12.4 billion to $13.2 billion in August, and lifted its adjusted operating income forecast to $1.275 billion to $1.375 billion. The same earnings release shows what that growth costs. CoreWeave's operations brought in $1.98 billion of cash in the quarter, and the company spent $9.44 billion on equipment. That leaves a gap of about $7.5 billion, up from about $1.6 billion a year earlier.

This excerpt comes from the named source. Read the original for the full reporting.