# Cerebras surges 17% after beating on quarterly revenue and announcing Microsoft deal

- URL: https://talkfuse.com/story/cerebras-surges-17-after-beating-on-quarterly-revenue-and-announcing-microsoft-deal/
- Published: 2026-11-13T02:43:26+00:00
- Updated: 2026-11-13T09:35:03+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/12/cerebras-systems-cbrs-q3-earnings-report-2026.html
- Topics: Business

## Key points

- Cerebras shares climbed 17% after results beat expectations.
- Microsoft deal revenue is expected from early 2027.
- The company forecasts revenue to triple in 2027.

## Summary

Cerebras Systems beat analysts’ expectations for quarterly results and its fourth-quarter outlook, while announcing a new deal with Microsoft. Its shares rose 17% in extended trading, as the company seeks to capitalise on demand for AI chips and challenge Nvidia.

Core revenue grew 70% from $135.7 million, slower than the 103% growth reported in the previous quarter. Cerebras forecasts fourth-quarter revenue of $310 million to $330 million and a core gross margin of 47% to 49%, both above analyst estimates; it also expects revenue to triple in 2027, implying about $2.85 billion. The Microsoft agreement was signed in October, with revenue expected to begin in the first quarter of 2027, and Cerebras is assessing financing options to meet rising demand.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.