Catenaa, Friday, November 13, 2026- Cerebras Systems stock rose over 11% on Friday after the chipmaker’s reported record Q3 earnings and forward outlook impressed investors.
The company’s core revenue rose 70% year over year to $230.9 million while cloud revenue surged 272% to $144.9 million.
“As open models grow, we grow. As personal agents grow, we grow. Whether enterprises or startups grow, we grow. Whether customers want hardware or cloud capacity, we grow,” Andrew Feldman, Co-Founder, CEO, and President at Cerebras Systems, told investors at the investor call.
He said the company closed a number of deals with key AI industry leaders in Q3, with the latest being a cloud deal with Microsoft, which, along with the previously announced AWS and Oracle deals, brings the company to three hyperscalers that have chosen to leverage the Cerebras platform as part of their inference strategy.
The AI chip maker, looking to compete with Nvidia, said it sees fourth-quarter core revenue of $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million.
Feldman said the company signed an important deal to bring Cerebras hardware into Oracle Cloud, where Cerebras will be deployed in Oracle data centers serving AI labs, enterprises, and developers building interactive and intelligent applications.
“We expect this Cerebras-powered Oracle Cloud inference service to launch in the summer of 2027. We also signed an exciting deal with Microsoft, about which we will share more next year. That brings us to three hyperscaler wins in the last six months.” he said.
Moreover, he said they believe the evolving US policy landscape could create greater challenges for data center development in the US.
According to Feldman, in 2027, more than 75% of its data center capacity will come online outside the US; in fact, he added that new facilities in Canada, France, and Norway will come online in the next several months.
Further, he told investors that in 2027, they plan to add factories and further increase capacity to support the substantial growth they anticipate.
He said Cerebras’ supply chain is well positioned to support the growth and that it has sufficient wafer commitments from TSMC, which continues to distinguish itself as a world-class partner.
“We believe memory shortages and the price increases associated with them will continue through 2028, raising competitors’ costs and limiting supply. Industry-wide memory challenges create an opportunity for Cerebras,” he said.
