CoreWeave earnings for the third quarter of 2026, released Tuesday, November 10, 2026, showed revenue of $3.661 billion, up from $1.365 billion a year earlier, a 168 percent increase according to the filing submitted to the SEC. The next day, Wednesday, November 11, 2026, the S&P 500 gained 1.3 percent to close at 7619.38 points, in a session that the Associated Press attributed to the market erasing the prior week’s decline, which had been tied to fears of slowing artificial intelligence spending, rather than directly to CoreWeave’s results from the day before.
CoreWeave earnings for the third quarter of 2026: revenue surges, loss widens
The earnings release filed by CoreWeave with the SEC reported revenue of $3.661 billion for the third quarter of 2026, compared with $1.365 billion in the third quarter of 2025. At the same time, the net loss widened to $709 million, from $110 million a year earlier. The company also disclosed a backlog of approximately $132.5 billion as of September 30, 2026. Chief executive Michael Intrator called the quarter a “breakout,” with revenue up more than one billion dollars from the prior quarter and adjusted operating margins reaching double digits a quarter earlier than expected, according to the official release filed with the SEC.
The Associated Press directly tied the rally to CoreWeave: “CoreWeave drove the gains after reporting stronger results for the summer than analysts expected,” according to the closing-bell recap published by the wire service.
Wall Street erases most of the prior week’s decline
On Wednesday, November 11, 2026, the S&P 500 rose 98.45 points, or 1.3 percent, to close at 7619.38 points. The Dow Jones Industrial Average advanced 254.60 points, or 0.5 percent, to 52,486.49 points. The Nasdaq Composite rallied 400.31 points, or 1.6 percent, to 25,466.19 points, lifted by strength in technology stocks tied to artificial intelligence, according to the closing-bell recap published by the Associated Press.
This session followed a week marked by October’s CPI reading coming in above consensus, as covered in the November 11, 2026 briefing, and by Monday’s rebound described in the November 10, 2026 briefing. The mechanisms that frame these market moves, such as US market circuit breakers, remain distinct from a simple day-to-day index swing.
Brent climbs to $92.76 after Iranian remarks on nuclear enrichment
Brent settled Wednesday at $92.76 a barrel, up $1.27, or 1.39 percent, its largest daily gain since November 5, 2026, according to settlement data published by Morningstar. The move ended two consecutive sessions of decline.
According to Yahoo Finance, the gain followed a statement from Iran’s top security official saying Iran would not let any enriched nuclear material leave the country, which revived supply concerns in the oil market. The article notes that West Texas Intermediate gained 49 cents, or 0.57 percent, to $86.53 the same day. This Brent rebound followed the incidents covered in the November 9, 2026 briefing and the November 8, 2026 briefing.
| Indicator | Value | Change |
|---|---|---|
| S&P 500 | 7619.38 points | +1.3% |
| Dow Jones | 52,486.49 points | +0.5% |
| Nasdaq Composite | 25,466.19 points | +1.6% |
| Brent (January) | $92.76 | +1.39% |
| WTI | $86.53 | +0.57% |
Jobless claims and weekly oil report pushed to Thursday by Veterans Day
Two reports normally scheduled mid-week are being pushed to Thursday, November 12, 2026, because of the Veterans Day holiday. The Energy Information Administration’s weekly petroleum report, usually released Wednesday at 10:30 a.m. Eastern Time, is published this week on Thursday at noon Eastern Time instead, according to the EIA’s official schedule, which explicitly lists this exception for the week of November 6 to 12, 2026.
The US Department of Labor’s weekly jobless claims report is likewise usually released Thursday morning at 8:30 a.m. Eastern Time, except when that Thursday falls on a federal holiday, according to the Office of Unemployment Insurance. Veterans Day 2026 falls on Wednesday, November 11, not on the usual Thursday release day, and the schedule of exceptions consulted lists no delay for the week of November 12, 2026, with the next listed exceptions falling on November 25, 2026, and then November 2027. The previous known level, for the week ending October 31, stood at 189,000 claims, down 6,000 from the revised prior week, according to the Department of Labor report.
Separately, October’s producer price index is due Friday, November 13, 2026, at 8:30 a.m. Eastern Time, according to the Bureau of Labor Statistics schedule. For the rest of the week, the agenda published in the November 11, 2026 briefing, cited above, already details the October CPI release.
Frequently asked questions
Why did CoreWeave earnings push Wall Street higher?
The release filed with the SEC showed revenue up 168 percent year over year, to $3.661 billion, published Tuesday, November 10, 2026. The Associated Press confirmed this link in its closing-bell recap: “CoreWeave drove the gains after reporting stronger results for the summer than analysts expected.”
Why did CoreWeave’s net loss widen despite higher revenue?
The earnings release filed with the SEC reported a net loss of $709 million for the third quarter of 2026, up from $110 million a year earlier. The document does not publicly detail, in the excerpts reviewed, every cost item behind this increase in the loss.
Why is the weekly oil report being published on a Thursday this week?
The Energy Information Administration normally releases its report on Wednesday at 10:30 a.m. Eastern Time. Its official schedule lists an exception for the week of November 6 to 12, 2026, with publication pushed to Thursday at noon Eastern Time because of the Veterans Day holiday.
What pushed up the price of Brent on Wednesday?
According to Yahoo Finance, Brent rose about 1 percent after a statement from Iran’s top security official saying Iran would not let any enriched nuclear material leave the country, which revived supply concerns in the oil market.