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Cerebras revenue jumps 55% to $211M as AI cloud demand surges

Cerebras revenue jumps 55% to $211M as AI cloud demand surges

Shares jumped about 10% in after hours trading as the AI chipmaker raised its 2026 revenue outlook and projected sales to triple in 2027.

by Vivian Nguyen

2 min read

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Cerebras Systems reported record third quarter revenue of $210.8 million, up 55% from $135.7 million a year earlier, driven by growing demand for its AI inference infrastructure, the company announced Thursday.

Shares of Cerebras (NASDAQ: CBRS) jumped about 10% in after hours trading following the earnings release.

The AI chipmaker 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. Core cloud revenue reached $144.9 million, an increase of 272%.

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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%.

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.

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 expansion follows growing demand for high speed AI inference from cloud providers, enterprises and AI developers. Cerebras said its customer pipeline increased more than tenfold during the quarter, while remaining performance obligations reached $26.1 billion as of September 30.

To support the expansion, 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.

The company ended the quarter with $7.8 billion in cash, restricted cash and short term investments, alongside $850 million in available debt capacity.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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