Cerebras signs Microsoft deal, lifting remaining performance obligations to $26.1B
11/13/2026 — 11/13, 15:21·7 sources (all)·8 reports (all)·In the 2026-11-13 briefing
Key takeaways
- Cerebras announced a new agreement with Microsoft during its Q3 2026 earnings call, adding the company as a hyperscale cloud customer alongs…
Background & analysis
On November 12, 2026, AI chip company Cerebras reported its fiscal Q3 2026 results. Its official account shared the results on November 13, stating that the quarter delivered record revenue, with GAAP cloud revenue growing 265% year over year and core cloud revenue rising 272%, while the company also raised its full-year outlook and noted that 700 MW of data center capacity is now under contract. According to Wall Street CN, Cerebras posted core revenue of $230.9M for the quarter, up 70% year over year and ahead of the $214.7M average analyst estimate. Cloud and other services revenue grew 272% to $144.9M. Driven by cloud growth and customer demand, the company raised its full-year 2026 core revenue guidance from a prior $880M to $890M range to $940M to $960M, projected Q4 core revenue of $310M to $330M, and expected core gross margin to reach 47% to 49%. As of September 30, remaining performance obligations stood at $26.1B, and the 700 MW of data center capacity is scheduled for delivery by the end of 2027. Net loss, however, widened to $161.2M from $22.2M a year earlier.
Alongside the earnings release, Cerebras announced a new deal with Microsoft, having already partnered with major cloud providers Amazon and Oracle. Shares surged in after-hours trading, though reports differ on the size of the gain: CNBC cited a 18% jump, Techmeme reported a rise of more than 15%, and SiliconANGLE put the move at almost 18%, with another headline citing 17%. The situation currently rests at the point where the quarterly figures and the Microsoft partnership have been disclosed and the stock has rallied after hours.
AI-generated from 5 reports · updated 12 hours ago
Latest turnCerebras announced during its Q3 2026 earnings call that it has signed an agreement with Microsoft, securing a major hyperscale cloud customer alongside AWS and Oracle. The company's remaining performance obligations reached $26.1 billion as of September 30, 2026.
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Reports on this story headlines open the original
Cerebras announced during its Q3 2026 earnings call that it has signed an agreement with Microsoft, securing a major hyperscale cloud customer alongside AWS and Oracle. The company's remaining performance obligations reached $26.1 billion as of September 30, 2026.
IT之家AI score 72AI chip and cloud provider Cerebras Systems announced its Q3 results, posting revenue of $230.9 million and an unexpected net profit. The company raised its 2026 revenue outlook and secured a partnership with Microsoft, driving shares up over 17% after hours.
东方财富AI score 71Cerebras Systems reported third-quarter revenue that comfortably beat expectations on surging AI chip sales and announced a new deal with Microsoft, sending its stock up almost 18% in late trading, SiliconANGLE reported.
SiliconANGLEAI score 56According to SiliconANGLE, Cerebras Systems reported better-than-expected third-quarter revenue and announced a new partnership with Microsoft, driving its stock up nearly 18% in after-hours trading.
SiliconANGLEAI score 63Cerebras reported Q3 core revenue of $230.9M, up 70% year over year and ahead of the $214.7M estimate, along with strong forward guidance. The company also announced a new deal with Microsoft, sending its shares up more than 15% in after-hours trading.
TechmemeAI score 66CNBC reports that Cerebras shares rose 18% after the company posted better-than-expected quarterly revenue and guidance and announced a new agreement with Microsoft. The chipmaker had already partnered with major cloud providers including Amazon and Oracle.
CNBC · 科技AI score 61Cerebras reported Q3 2026 core revenue of $230.9 million, up 70% year over year, as cloud and other services revenue surged 272% to $144.9 million, according to Wallstreetcn. The company raised its full-year core revenue guidance to $940 million-$960 million, while its net loss widened to $161.2 million.
华尔街见闻AI score 61Cerebras posted record revenue for Q3 2026, with GAAP cloud revenue up 265% and core cloud revenue up 272% year over year, and raised its full-year outlook. The company also said it now has 700 MW of data center capacity under contract.
X：Cerebras (@cerebras)First-partyAI score 50
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