Cerebras shares rose 11% to 13% after it announced a strategic partnership with Microsoft Azure and beat third-quarter revenue expectations. Core adjusted revenue reached $230.9 million, up 70% year over year, while adjusted operating margin improved to -14%. The company raised its full-year outlook and forecast fourth-quarter revenue of $310 million to $330 million; it also expects revenue to triple by 2027, supported by a $26 billion backlog. Cerebras completed deployments across the three major hyperscale cloud providers in six months and plans to begin mass production of its WSE-5 chip next summer.
The company posted record quarterly revenue and raised its 2026 estimate, while Reuters reported that Microsoft had become a new customer under a deal whose details have yet to be disclosed.
Read the full storyThe company reported record third-quarter revenue and strong growth in cloud services, while saying details of its deal with Microsoft would be disclosed in the first half of 2027.
The company raised its 2026 revenue outlook to $940–960 million, while cloud and other services revenue surged to $144.9 million in the third quarter.
Core revenue beat analysts’ estimates, while cloud and other services revenue surged 265%; the company reported $26.1 billion in remaining performance obligations.
Cloud services revenue rose 265% year over year, while the company posted a negative 14% core operating margin and forecast higher fourth-quarter revenue.