By MLQ.ai
Publication Date: 2026-11-08 19:32:00
CoreWeave’s results come after the close on Tuesday, with a call at 5 p.m. ET [7]. It is the most closely watched report of the week because the market is now questioning the debt behind it. Second-quarter revenue rose 112% to $2.58 billion and the revenue backlog reached about $104 billion. That figure doesn’t include more than $25 billion of new commitments signed early in the third quarter [5]. The company’s net loss was $626 million, and net interest expense rose to $640 million from $267 million a year earlier [5].
For the third quarter, CoreWeave guided to revenue of $3.45-3.6 billion and capital spending of $11.5-13.5 billion. It expects 2026 capex of $35-39 billion [6]. Lenders are charging more to fund that build. CoreWeave’s 9.625% bond due 2032 yields more than 16%, and its five-year credit default swaps rose above 1,289 basis points on Nov. 5, according to Deutsche Bank data cited by CNBC [8]. MLQ covered the bond selloff, Microsoft’s pullback from neocloud…
