Cerebras Third-Quarter Revenue Hits a Record 210.8 Million Dollars, Up 55 Percent: Core Revenue of 230.9 Million Dollars and 700 Megawatts of Contracted Data Center Capacity, Released November 12
Cerebras Systems, the AI infrastructure company listed on Nasdaq as CBRS, announced on November 12, 2026, in Sunnyvale, California, in a GlobeNewswire release, financial results for the third quarter ended September 30, 2026. GAAP total revenue was a record 210.8 million dollars, up 55 percent year over year, with GAAP cloud and other services revenue of 141.9 million dollars, up 265 percent. Core total revenue, on the company's non-GAAP definition, was 230.9 million dollars, up 70 percent, with core cloud revenue of 144.9 million dollars, up 272 percent. The GAAP gross margin was 20 percent and the core gross margin was 41 percent. Remaining performance obligations were 26.1 billion dollars at September 30, 2026, and liquidity stood at 7.8 billion dollars in cash, cash equivalents, restricted cash and short-term investments, plus 850 million dollars of debt capacity.
The company also raised its outlook. Fourth-quarter core revenue is guided at approximately 310 to 330 million dollars with a core gross margin of 47 to 49 percent, and full-year core revenue is guided at 940 to 960 million dollars with a core gross margin of 42 to 44 percent. Cerebras said it has secured 700 gross megawatts of data center capacity for delivery by the end of 2027, and signed contracts for additional capacity in Norway and Finland. Oracle is integrating Cerebras fast inference into Oracle Cloud Infrastructure, to be available in 2027, and the company announced a cloud deal with a top three hyperscaler, with more to be shared next year.
Co-founder and chief executive Andrew Feldman said the company's technology remains the undisputed champion of speed and that it expects to triple revenue in 2027. Chief financial officer Bob Komin said the company exceeded guidance across the board for the third quarter in a row and that its pipeline for high-speed AI inference increased by more than 10 times in the quarter. The earnings call was scheduled for November 12, 2026, at 2 p.m. Pacific Time. This item reports only the published results and guidance and is not investment advice.
Source: Cerebras Systems
Published by GSM · USA (original Chinese edition)
Photo: 图：Cerebras Systems总部大楼(资料图)。作者与授权：Coolcaesar，CC BY 4.0，维基共享资源。 / Photo: Headquarters building of Cerebras Systems (file photo). Credit: Coolcaesar, CC BY 4.0, Wikimedia Commons.
