CORZ

Core Scientific, Inc. ( CORZ ) Q3 2026 Earnings Call November 5, 2026 8:30 AM EST Company Participants Jon Charbonneau - Senior Vice President of Investor Relations & Marketing Adam Sullivan - CEO, President & Director Jim Nygaard - Executive VP & CFO Matt Brown - Chief Operating Officer Conference Call Participants John Todaro - Needham & Company, LLC, Research Division Darren Paul Aftahi - Lucid Capital Markets, LLC, Research Division Brett Knoblauch - Cantor Fitzgerald & Co., Research Division Jonathan Petersen - Jefferies LLC, Research Division Nick Giles - B. Riley Securities, Inc., Research Division Benjamin Sommers - BTIG, LLC, Research Division George Sutton - Craig-Hallum Capital Group LLC, Research Division Michael Donovan - Compass Point Research & Trading, LLC, Research Division Stephen Glagola - Keefe, Bruyette, & Woods, Inc., Research Division Kevin Dede Ryan Gravett - UBS Investment Bank, Research Division Brian Dodso Presentation Operator Greetings, and welcome to the Core Scientific Fiscal Third Quarter 2026 Earnings Call.

Core Scientific NASDAQ: CORZ reported a sharp increase in third-quarter colocation revenue and adjusted earnings as it brought more data center capacity online for CoreWeave, and said it expects further revenue growth as the remaining capacity is delivered.

Core Scientific, Inc. (CORZ) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to a loss of $0.46 per share a year ago.

The headline numbers for Core Scientific, Inc. (CORZ) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ), a leader in digital infrastructure for high-density colocation services (“HDC”), today announced financial results for the third quarter ended September 30, 2026. “Our execution at scale is translating into results, with a significant sequential increase in GAAP colocation revenue,” said Adam Sullivan, Chief Executive Officer of Core Scientific. “We are nearing full delivery under our first colocation agreement while construction und.

The long-term impact of AI remains to be seen, but the technology's effect on the market has already been significant, thanks in large part to the extraordinary capital expenditure put toward infrastructure. Semiconductor stocks, data center networking companies, energy suppliers, and even some construction companies have experienced prolonged rallies, driven by the massive momentum behind the nationwide infrastructure buildout.

A planned artificial intelligence (AI) campus in Spain from IREN Limited (NASDAQ:IREN) is lifting former Bitcoin miners that now supply power and computing for that expansion. IREN stock is at $27.

Core Scientific, Inc. (CORZ) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Investors are souring on leveraged AI data center developers again. Applied Digital (NASDAQ:APLD) stock has fallen 4%, recently trading around $19.59, extending a rotation out of highly valued, debt-heavy AI infrastructure stocks.

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced it will release its third quarter 2026 financial results prior to financial markets open on Thursday, November 5, 2026. Management will host a conference call and live audio webcast to discuss the results at 8:30 a.m. Eastern Time. Hosting the call and webcast to review results for the third quarter 2026 will b.