Cerebras Systems Delivers Record Revenue in Third Quarter 2026, Raises Full-Year Outlook
Key Highlights
- ➤GAAP total revenue $210.8 million, up 55% year-over-year
- ➤Core total revenue $230.9 million, up 70% year-over-year
- ➤Full-year Core revenue outlook $940-$960 million
- ➤Top-three hyperscaler deal announced; further details expected next year
- ➤700 gross megawatts of data center capacity secured for delivery by end of 2027
Expert Statements
Andrew Feldman, Co-founder and CEO of Cerebras
“Cerebras’ technology remains the undisputed champion of speed. We’re giving customers more ways to access our technology and scale with us be it through direct system sales, Cerebras Cloud or third-party cloud providers. I’m proud of our team for delivering the performance and speed customers need to build entirely new applications and expand what AI can do. That progress energizes us to do even more as we push the limits of innovation and expect to triple revenue in 2027.”
Bob Komin, CFO of Cerebras
“We exceeded our guidance across the board for the third quarter in a row and delivered sequential improvements on all core financial metrics. We won new marquee customers, including hyperscalers, neoclouds and large enterprises. And we saw our pipeline for high-speed AI inference increase by more than 10x in the quarter.”
* Record GAAP revenue of $210.8 million * Record Core revenue of $230.9 million * GAAP cloud revenue grew 265% from a year ago * Core cloud revenue $144.9 million, up 272% from a year ago * Commercial wins with two new hyperscalers * 700 megawatts of data center capacity now under contract * First to deliver production scale heterogeneous disaggregated inference offering SUNNYVALE, Calif., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Cerebras Systems (NASDAQ: CBRS), maker of the world’s fastest AI infrastructure, today announced financial results for the third quarter ended September 30, 2026.
“Cerebras’ technology remains the undisputed champion of speed,” said Andrew Feldman, co-founder and CEO of Cerebras. “We’re giving customers more ways to access our technology and scale with us be it through direct system sales, Cerebras Cloud or third-party cloud providers. I’m proud of our team for delivering the performance and speed customers need to build entirely new applications and expand what AI can do. That progress energizes us to do even more as we push the limits of innovation and expect to triple revenue in 2027.”
Get started
Create a free account to read the full story.