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CoreWeave lifts forecast
“CoreWeave” reported quarterly revenue of $3.66 billion, up 168% year over year and above analysts’ expectations of $3.55 billion, despite its net loss widening to $709 million. The company raised its 2026 outlook, targeting revenue of $13 billion to $13.3 billion and adjusted operating income of $1.275 billion to $1.375 billion, both above analysts’ estimates. The value of its contracts and accumulated future revenue also rose to $132.5 billion, while the company continues to expect its data centers’ active power capacity to reach 1.85 gigawatts by year-end.
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