$CBRS · Cerebras Systems Inc.
Cerebras Systems filed an 8-K reporting Q3 FY2026 results (quarter ended September 30, 2026). GAAP revenue hit a record $210.8M, up 55% YoY, driven by cloud revenue of $141.9M (up 265% YoY). Core (non-GAAP) revenue was $230.9M, up 70% YoY. The company raised FY26 core revenue guidance to $940M–$960M and guided Q4 core revenue to $310M–$330M. Net loss widened to $161.2M from $22.2M a year ago.
- GAAP revenue of $210.8M, up 55% YoY; cloud revenue $141.9M, up 265% YoY.
- Core (non-GAAP) revenue of $230.9M, up 70% YoY.
- FY26 core revenue guidance raised to $940M–$960M.
- Net loss widened to $161.2M from $22.2M a year earlier.
- $26.1B in remaining performance obligations as of September 30, 2026.
Extended-hours last trade $108.71, up 11.21% vs the $97.75 regular close, signaling a positive reaction to the beat and raised guidance.
Record revenue, a guidance raise, and $26.1B in remaining performance obligations signal accelerating commercial traction despite widening losses.
Cerebras's cloud revenue surge and hyperscaler wins position it against AI infrastructure peers amid booming inference demand.
Net loss widened sharply to $161.2M as R&D and G&A spending surged; company remains unprofitable with heavy reliance on a few large customers including OpenAI.