How much did Cerebras beat Q4 revenue estimates by?

Cerebras guided fourth-quarter core revenue to $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million.

What deals did Cerebras announce alongside earnings?

Cerebras announced commercial deals with two new hyperscalers, or large cloud computing providers. One is among the world's top three, and Cerebras said it would share more details next year.

How fast is Cerebras's cloud business growing?

Cloud revenue surged 272% to $144.9 million in the third quarter, while total core revenue rose 70% year over year to $230.9 million.

AI Stocks & MarketsAI Business & IndustryYahoo Finance AI21h agoNov 13, 2026, 22:01 JST

Cerebras stock jumps 13% on record $230.9 million quarter

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3 Key Points

What happened
Cerebras Systems reported record Q3 core revenue of $230.9 million, up 70% year over year, with cloud revenue up 272% to $144.9 million, and guided Q4 core revenue to $310 million to $330 million versus $271.2 million consensus.
Why it matters
The guidance implies the AI chipmaker expects sequential growth well above what analysts had modeled, and its 13% premarket jump signals investors see the quarter as a credible challenge to larger rivals.

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Context & Analysis

Cerebras Systems went public in May in a highly anticipated IPO, and its wafer-scale processors are designed to accelerate AI workloads in a market long dominated by Nvidia. The third-quarter numbers mark the first set of results since that listing to show both core and cloud revenue accelerating at once.

The company has been building partnerships across the AI industry, including collaborations with Amazon and OpenAI; earlier this year, OpenAI launched its first AI model running on Cerebras chips. The two new hyperscaler deals announced alongside earnings extend that customer base. One counterparty is among the world's top three cloud providers, though Cerebras said it would share more details next year.

CEO Andrew Feldman said on Thursday's earnings call that the new deals, alongside continued growth with existing customers, enabled the raised fourth-quarter guidance and support an expectation of revenue tripling in 2027 with expanding gross margins. Whether that trajectory holds will depend in part on converting the undisclosed hyperscaler agreements into revenue Cerebras can report.

FAQ

How much did Cerebras beat Q4 revenue estimates by?: Cerebras guided fourth-quarter core revenue to $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million.
What deals did Cerebras announce alongside earnings?: Cerebras announced commercial deals with two new hyperscalers, or large cloud computing providers. One is among the world's top three, and Cerebras said it would share more details next year.
How fast is Cerebras's cloud business growing?: Cloud revenue surged 272% to $144.9 million in the third quarter, while total core revenue rose 70% year over year to $230.9 million.

Yahoo Finance AIRead Original Article

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