Cerebras Systems’ quarterly results topped analyst estimates and the company forecast $310 million to $330 million in fourth-quarter revenue, giving U.S. investors a fresh measure of demand for AI chips.
Cerebras reported $230.9 million in core revenue for the quarter, 70% above the year-earlier $135.7 million. The growth rate eased from 103% in the second quarter. Adjusted earnings were 12 cents per share, compared with analysts’ forecast for a loss of 14 cents; revenue topped LSEG’s $214.7 million consensus.
For the fourth quarter, LSEG analysts projected $271 million in revenue and a 42.1% core gross margin. Cerebras set higher ranges: $310 million to $330 million in revenue and 47% to 49% in core gross margin. The company expects revenue to triple in 2027. That would put its projected figure at roughly $2.85 billion, compared with $2.92 billion in LSEG analysts’ estimates.
The figures follow Cerebras’ earlier increase to its full-year core-revenue forecast, now $940 million to $960 million, covered in EconoTimes’ report on the outlook increase.
CNBC reported that Cerebras shares rose 17% in extended trading Thursday after the results. Shares remained about 47% below their level at Cerebras’ May Nasdaq debut, the outlet reported. CNBC said the company is seeking to challenge Nvidia in the AI-chip market. In his CNBC interview, Feldman pointed to long lead times for graphics processing units (GPUs) and their higher expense as an opening for Cerebras’ hardware sales.
Feldman told CNBC the Microsoft deal was signed in October and is expected to start generating revenue in the first quarter of 2027. The agreement adds to deals with Amazon and Oracle, CNBC reported. Feldman said Cerebras was evaluating financing options to meet growing demand, the outlet reported.
