Earnings Releases·Nov 12, 2026, 4:03 PM ET

Cerebras Systems — Third Quarter 2026 Earnings Summary

GAAP total revenue reached a record $210.8 million (up 55% YoY), while Core total revenue hit $230.9 million (up 70% YoY); Core net income was $29.8 million compared to a GAAP net loss of $161.2 million.
Management expects Q4 2026 Core revenue of $310–$330 million and Full Year 2026 Core revenue of $940–$960 million, with a strategic outlook to triple revenue in 2027.
The company secured $7.8 billion in liquidity and $850 million in debt capacity, with remaining performance obligations at $26.1 billion and deferred revenue rising to $687.6 million combined.
Strategic milestones include the CS-5 system preview for Summer 2027, a new cloud deal with a top three hyperscaler, and manufacturing capacity expected to increase 10x by year-end.
The high-speed AI inference pipeline grew more than 10x, and the company secured 700 gross megawatts of data center capacity for delivery by end of 2027.