StocksMedium•13 November 2026•
1 min read
Cerebras Stock Surges 23% on Surprise Q3 Profit and Raised 2026 Revenue Guidance
Key Facts
1Cerebras shares jumped 23.21% to $120.44 following a surprise profit and increased revenue guidance.
2The company reported an adjusted Q3 profit of $29.82 million, beating analyst expectations of a $38.4 million loss.
3Cerebras raised its 2026 adjusted revenue guidance to a range of $940 million to $960 million.
Cerebras shares jumped 23.21% to $120.44 following a surprise profit and increased revenue guidance. Reuters reported that the company posted an adjusted Q3 profit of $29.82 million, significantly beating analyst expectations of a $38.4 million loss.
Cerebras raised its 2026 adjusted revenue guidance to a range of $940 million to $960 million, according to The Economic Times. This rally follows a period where CBRS closed at $97.75 on November 12, 2026, as the updated outlook eases market concerns regarding the sustainability of AI infrastructure spending.