Home / Business and Economy / AI Compute Demand Soars: CoreWeave's $1.36B Q3 Revenue Crushes Expectations
AI Compute Demand Soars: CoreWeave's $1.36B Q3 Revenue Crushes Expectations
11 Nov
Summary
- CoreWeave posts $1.36B in Q3 2025 revenue, exceeding Wall Street forecasts
- Company's remaining performance obligations (RPO) surge to $55.6B from $30.1B last quarter
- Signed major contracts with OpenAI, Meta, and Nvidia in Q3 2025
On November 11, 2025, cloud computing provider CoreWeave announced its financial results for the third quarter of the year, showcasing the continued strong demand for artificial intelligence (AI) compute power.
The company reported $1.36 billion in revenue for the quarter, a significant increase from the $1.29 billion that Wall Street analysts had expected. This impressive performance underscores the growing importance of AI and the corresponding need for powerful computing infrastructure to support it.
But the most notable aspect of CoreWeave's Q3 2025 report was the surge in its remaining performance obligations (RPO), which represent the future revenue from contracts not yet fulfilled. The company's RPO swelled to $55.6 billion, up from $30.1 billion in the previous quarter. This dramatic increase can be attributed to several high-profile, multimillion-dollar deals that CoreWeave secured with leading AI players, including OpenAI, Meta Platforms, and Nvidia.
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These new contracts highlight the insatiable demand for AI compute power as companies across various industries race to harness the transformative potential of this technology. CoreWeave's ability to capitalize on this trend positions the company as a key player in the rapidly evolving AI ecosystem.
