Week ahead: CoreWeave, Nebius, Applied Materials and Cisco test AI infrastructure demand

The week of November 8 belongs to the companies that build and rent out AI compute. CoreWeave reports on Tuesday. On Thursday, Nebius, Applied Materials and Cisco all report. Each date below comes from the company's own announcement. We list no model launches, because no lab has announced a date for one this week.

Tuesday, November 10: CoreWeave

CoreWeave holds its third-quarter 2026 call at 5:00 p.m. ET (company release, via Yahoo Finance). The GPU cloud provider does not print guidance in its press releases. It gives guidance on the call. That leaves backlog as the main written baseline. In its Q2 release, CoreWeave put revenue backlog at about $104 billion as of June 30. It said that figure excluded more than $25 billion of net new customer commitments added early in Q3. Q2 revenue was $2.58 billion, up from $1.21 billion a year earlier. The company also reported a $626 million net loss and $640 million in net interest expense. Tuesday will show how much of that backlog is becoming revenue, and how much the debt behind the build-out is costing.

Thursday, November 12: Nebius, Applied Materials and Cisco

Nebius releases its third-quarter results before the U.S. market opens and holds a call at 8:00 a.m. ET (company release, via Yahoo Finance). Its Q2 release reported revenue of $582.3 million, up 454% year over year, and adjusted EBITDA of $236.2 million. CoreWeave and Nebius report two days apart, so readers get two independent readings of neocloud demand in the same week.

Applied Materials holds its fiscal Q4 2026 call at 4:30 p.m. ET (company release, via Yahoo Finance). In August, the chip-equipment maker guided Q4 revenue to $10.25 billion, plus or minus $500 million, and non-GAAP EPS to $4.02, plus or minus $0.20. That followed a record Q3 of $9.12 billion, up 25%. Its results are a read on how much chipmakers are spending on equipment, one layer below the AI accelerators themselves.

Cisco reports fiscal Q1 2027 after the close and holds its call at 4:30 p.m. ET (Cisco newsroom). It guided to revenue of $18.0 to $18.2 billion and non-GAAP EPS of $1.32 to $1.34. The AI line is the one to watch. Cisco said it took $4 billion of AI infrastructure orders from hyperscalers in fiscal Q4 and $9.3 billion over fiscal 2026. It recognized about $4 billion of that as revenue last year and expects $7.5 billion in fiscal 2027. Those are the company's own expectations, and Thursday is the first quarter they get tested against.

Not on the calendar: Anthropic's IPO pricing

Anthropic filed its first S-1 amendment on November 2. The price range and share counts in that filing are still blank, and the company has not announced a pricing date. Reported timelines for the listing are circulating. Until a dated filing or an announcement from Anthropic appears, we are not putting the IPO on this week's calendar.

Just past this window

Two developer deadlines fall later in November. They don't land this week, but they are close enough to plan around. Anthropic's deprecation page lists November 30 as the retirement date for claude-sonnet-4-5-20250929, with claude-sonnet-5-5 as the recommended replacement. OpenAI's deprecations page lists the same day for shutting down the v1/prompts API, the Evals dashboard and API, and Agent Builder.

What this means if you build with AI

Nothing this week changes how you prompt a model. The earnings matter indirectly. CoreWeave and Nebius rent the GPUs that many inference APIs run on, and Cisco and Applied sit further upstream. If their results show tight capacity, API prices and rate limits are less likely to ease soon. If you are still on Sonnet 4.5 or OpenAI's Prompts API, this is a quiet week to start migrating.