Hyperscaler capex

CoreWeave capex, CY2026 Q3

CoreWeave reported $9.4B of capex for CY2026 Q3, the quarter covering July to September 2026. That is +188% on the $3.3B of the same quarter a year earlier (CY2025 Q3). Guidance given that day: $37B to $39B for CY2026.

CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.

Capex, CY2026 Q3$9.4B
Year on year+188%
Guided, CY2026$37B to $39B
Announced10 Nov 2026

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Verified

Every field, with its source

Source per value
Reported quarter
CY2026 Q3 1
Calendar quarter
2026 Q3 1
Quarter end
2026-09-30 1
Announced
2026-11-10 1
“November 10, 2026”
Capex (USD million)
9,441 1
“(9,441”
Management capex (USD million)
14,500 2
“$14.5 billion”
Guidance period
CY2026 1
Guidance low (USD million)
37,000 1
“$37 billion”
Guidance high (USD million)
39,000 1
“$39 billion”
Guidance detail
Management reported approximately USD 14.5 billion of Q3 CapEx, a broader measure than cash PP&E purchases above. Annual guidance refers to management's CapEx measure. 2
Capex definition
Cash purchases of property and equipment, including capitalized internal-use software, excluding noncash finance-lease additions. This is narrower than management's CapEx measure. 1

Sources

  1. CoreWeave investor relations: CoreWeave CY2026 Q3 accessed 2026-11-11
  2. CoreWeave earnings call transcript: CoreWeave CY2026 Q3 accessed 2026-11-11

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