Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the TechCrunch Disrupt conference in San Francisco on October 13, 2026.
David Paul Morris | Bloomberg | Getty Images
cerebrum Systems reported better-than-expected revenue and quarterly guidance in its earnings report Thursday and touted a new contract with the company. microsoft. Shares soared 17% in extended trading.
Here is the company’s performance compared to the LSEG consensus:
Loss per share: 67 cents. It’s not immediately clear how this number compares with the expected 14 cent loss Core revenue: $230.9 million vs. expected $214.7 million
Cerebras’ core revenue increased 70% to $135.7 million, compared with a 103% increase in the second quarter, according to the statement.
“Especially on the hardware side, I think hardware sales create opportunities. Longer lead times and more spending on GPUs creates opportunities for us,” Cerebras CEO Andrew Feldman said in an interview with CNBC, referring to graphics processing units.
Executives are expected to announce a new relationship with. microsoftFeldman, one of the world’s top cloud providers, said on a conference call with analysts. The call begins at 5pm ET.
“We think revenue will start to show up in the first quarter of 2027,” Feldman said in an interview, adding that Microsoft signed the deal in October. Cerebras also has agreements with other major cloud providers. Amazon and oracle.
Feldman said in an interview that Cerebras is considering financing options to meet growing demand.
The company is trying Nvidia in the AI chip market. The company’s earnings came on the same day that Nvidia CEO Jensen Huang resigned from the company he co-founded following multiple scandals, including an extramarital affair.
For the fourth quarter, Cerebras expects core gross margins to be between 47% and 49% and revenue between $310 million and $330 million. Analysts surveyed by LSEG had expected a profit margin of 42.1% and sales of $271 million.
Cerebras said it expects its revenue to triple in 2027. This represents approximately $2.85 billion in revenue. Analysts surveyed by LSEG had expected $2.92 billion.
Cerebras shares have fallen about 47% since the company went public on the Nasdaq in May.
Watch: This AI chip stock is struggling. Paul Meeks sees a buying opportunity
