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Man in glasses speaking at an interview event, photo used by SiliconANGLE in its Cerebras earnings coverage
Photo: SiliconANGLE

Cerebras Stock Jumps 14% After Q3 Revenue Beat

SEC / Cerebras Systems2 min read6 sources

Why is Cerebras stock up today?

Cerebras (CBRS) stock jumped about 14% in after-hours trading Thursday from a $97.75 close after the AI chipmaker beat third-quarter revenue estimates and guided fourth-quarter sales well above Wall Street's forecast.

Key numbers

Q3 core revenue$230.9M+70% YoY; $214.7M expected
Q4 core revenue guidance$310–330Mvs ~$271M expected
Analyst Q4 estimate$271MYahoo Finance cites ~$232M
Backlog (future orders)$26.1Bas of Sept. 30
2026 core revenue guidance$940–960Mraised
After-hours move+14%from $97.75 close; reports range 13–17%

What happened

Cerebras (CBRS) stock jumped about 14% in after-hours trading Thursday from a $97.75 close after the AI chipmaker beat third-quarter revenue estimates and guided fourth-quarter sales well above Wall Street's forecast. Core revenue, the company's own adjusted sales measure, was $230.9 million, up 70% from a year ago and above the $214.7 million analysts expected. For the next three months, it forecast $310 million to $330 million, while analysts had expected about $271 million. It also named Microsoft as a new cloud customer. Outlets reported after-hours gains between 13% and 17% as trading moved.

Why it matters

Cerebras makes AI chips that compete with Nvidia's, so its results hint at how strong demand is for other options. The company says it has $26.1 billion of signed future orders (its backlog) and expects revenue to triple in 2027. The shares were still about 47% below their $185 IPO price from May before the jump, so the move follows a long slide.

Who this affects

Marketbullish
Medium impact
AI chip investors get fresh evidence of strong demand.
Companybullish
High impact
Cerebras shareholders gain on a beat and much higher forecast.
Competitorsmixed
Low impact
Nvidia faces another credible rival, though its scale is far larger.
Industrybullish
Medium impact
Cloud giants are adding more AI chip suppliers, including Microsoft.

Cerebras vs Nvidia, AMD, Broadcom

CerebrasCBRS$23.2B-3.3%—
NvidiaNVDA$4.2T-4.3%22x
AMDAMD—+5.9%—
BroadcomAVGO—+5.5%—

As of 2026-11-12

How we got here

  1. Cerebras signs a new cloud deal with Microsoft during October, per company comments.

  2. Shares fall 3.3% in regular trading to close at $97.75.

  3. After the close, Cerebras reports Q3 results and raises its outlook; shares jump after hours.

What to watch

  • Whether the after-hours gain holds when US markets open Friday2026-11-13
  • Microsoft deal revenue, which the company expects to begin in the first quarterQ1 2027
  • Fourth-quarter results against the $310–330M core revenue guidanceQ4 2026

Educational content only. Not investment advice.

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