Cerebras Forecasts Q4 Core Revenue of $310 Million to $330 Million

Cerebras Systems forecast fourth-quarter core revenue of $310 million to $330 million after third-quarter reported revenue climbed 55%, and lifted its 2026 core revenue outlook amid growing demand for AI computing services.

The company raised its full-year core revenue outlook to $940 million to $960 million and reiterated its expectation that revenue will triple in 2027. Cerebras shares rose about 10% in after-hours trading following the earnings release.

Third-quarter revenue was $210.8 million, up from $135.7 million in the same quarter a year earlier. Cerebras’ third-quarter net loss widened to $161.2 million from $22.2 million a year earlier. Its GAAP gross margin was 20%, while its adjusted core gross margin was 41%.

Cerebras ended the quarter with $7.8 billion in cash, restricted cash and short-term investments, as well as $850 million in available debt capacity.

The company secured commercial agreements with two hyperscalers, describing one of them as a top-three cloud provider. Oracle plans to integrate Cerebras’ AI inference technology into Oracle Cloud Infrastructure in 2027. The expansion comes amid demand for high-speed AI inference from cloud providers, enterprises and AI developers.

Cerebras’ customer pipeline grew more than 10 times during the quarter. Its remaining performance obligations stood at $26.1 billion as of Sept. 30.

To support expansion, Cerebras secured 700 megawatts of data-center capacity scheduled for delivery by the end of 2027. That total includes additional infrastructure agreements in Norway and Finland. The company is also working with Flex and Sanmina to increase manufacturing capacity to more than 10 times its level at the start of 2026.