Cerebras Q3 revenue up 55% YoY to $210.8 million, shares surge over 17% after hours

Odaily: Cerebras Systems (NASDAQ: CBRS) reported its fiscal Q3 2026 results, with GAAP revenue reaching $210.8 million, up 55% year-over-year; core revenue reached $230.9 million, up 70% year-over-year. Of this, GAAP cloud services and other services revenue was $141.9 million, up 265% year-over-year; core cloud services revenue was $144.9 million, up 272% year-over-year. Core gross margin for the quarter was 41%, with a core operating margin of -14%.

The company raised its full-year 2026 core revenue guidance to $940 million to $960 million, and expects Q4 core revenue of $310 million to $330 million. On the business side, Cerebras has signed 700 megawatts of data center capacity, with remaining performance obligations (RPO) reaching $26.1 billion, and has entered into a partnership with one of the world's top three hyperscale cloud providers. In addition, Oracle Cloud Infrastructure is expected to integrate Cerebras' high-speed inference services in 2027.

Cerebras co-founder and CEO Andrew Feldman said: "We expect revenue to grow to triple its current level in 2027."

According to MSX.COM data, Cerebras' U.S. stock closed down 3.29% and rose over 17% after hours, currently at $114.60.