# Cerebras Posts 55% Revenue Growth as Shares Rise After Hours

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56083
Published: 2026-11-13T00:07:36.000Z
Updated: 2026-11-13T00:07:36.000Z
Section: Business

> Core revenue climbed 70%, and the company raised its 2026 core revenue outlook to $940 million-$960 million.

Cerebras Systems reported third-quarter revenue of $210.8 million, up 55% year over year, as its shares reversed a regular-session decline and climbed more than 17% after the close Thursday.

Shares fell 3.29% in regular trading before reaching $114.60 after hours. Core revenue totaled $230.9 million, a 70% increase from a year earlier. GAAP cloud and other-services revenue was $141.9 million, up 265%, while core cloud revenue reached $144.9 million, up 272%.

Cerebras raised its 2026 core revenue outlook to $940 million-$960 million and projected fourth-quarter core revenue of $310 million-$330 million. The company reported signed contracts for 700 megawatts of data-center capacity and remaining performance obligations of $26.1 billion. It also partnered with a global top-three hyperscaler.

Cerebras CEO Andrew Feldman said the company expects 2027 revenue to triple from its current level. Its high-speed inference service is expected to reach Oracle Cloud Infrastructure in 2027.