Filing Flows › Core Scientific, Inc./tx (CORZ) › Q3 2026
Core Scientific, Inc./tx (CORZ) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Core Scientific, Inc./tx (CORZ) reported revenue of $233M for the third quarter 2026 (Q3 2026), +187% from a year earlier and +42% from the quarter before. Operating margin was 31.1%, net earnings $1.2B (505.9% of revenue).
Core Scientific, Inc./tx, Q3 2026: revenue $233M (+187% year over year), operating margin 31.1%, net earnings $1.2B, operating cash flow $65.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $233M | +42% | +187% |
| Gross profit | $123M | +76% | 32× |
| Operating profit | $72.3M | — | — |
| Net earnings | $1.2B | — | — |
| Operating cash flow | $65.3M | — | -50% |
What changed
Revenue was $232.9M in Q3 2026, up 187% year over year and up 42% from the previous quarter.
Gross margin was 52.9%, up 48.1 points from Q3 2025. Operating profit was $72.3M, a 31.1% margin (up 98.6 points year over year). Operating expenses fell 13% while revenue rose 187%. Net earnings were $1,178.1M. The effective tax rate was -9.9%. Non-operating items added $999.3M, 93% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $65.3M (down 50% year over year), 6% of net earnings. Non-cash charges added back $18.0M of depreciation and amortization and $25.2M of share-based compensation. Working capital and other items used $1,156.0M. Capital expenditures of $540.7M exceeded it, leaving free cash flow of −$475.4M.
Questions
What was Core Scientific, Inc./tx's revenue in the third quarter 2026?
Core Scientific, Inc./tx (CORZ) reported revenue of $233M for the third quarter 2026 (Q3 2026), +187% from a year earlier and +42% from the quarter before.
Was Core Scientific, Inc./tx profitable in the third quarter 2026?
Operating profit was $72.3M (31.1% of revenue) and net earnings $1.2B.