Cerebras Systems guides fourth-quarter core revenue to $310M-$330M, well above estimates
Cerebras Systems reported record third quarter revenue of $210.8 million, up 55% from a year earlier, driven by growing demand for its AI inference infrastructure, the company announced Thursday.
Shares jumped about 10% in after hours trading as the AI chipmaker raised its 2026 revenue outlook and projected sales to triple in 2027. The company posted core revenue of $230.9 million, up 70% from a year earlier, while cloud and other services revenue surged 265% to $141.9 million.
Despite the revenue growth, Cerebras reported a net loss of $161.2 million, compared with a $22.2 million loss in the same period last year. Its GAAP gross margin stood at 20%, while its adjusted core gross margin reached 41%.
Revenue Outlook
The company raised its full year core revenue outlook to between $940 million and $960 million, with fourth quarter revenue projected at $310 million to $330 million. Management also reiterated expectations for revenue to triple in 2027.
The expansion follows growing demand for high speed AI inference from cloud providers, enterprises and AI developers.
Expansion Plans
Cerebras said it secured new commercial agreements with two hyperscalers, including an unnamed top three cloud provider. The company also announced that Oracle would integrate its AI inference technology into Oracle Cloud Infrastructure in 2027.
The company has secured 700 megawatts of data center capacity scheduled for delivery by the end of 2027, including additional infrastructure agreements in Norway and Finland. Cerebras is also expanding manufacturing through partnerships with Flex and Sanmina, targeting more than ten times its manufacturing capacity at the beginning of 2026.
Cerebras ended the quarter with $7.8 billion in cash, restricted cash and short term investments, alongside $850 million in available debt capacity.
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