Cerebras stock surges on Q3 results, outlook raise, hyperscaler deals Ines Ferré · Senior Business Reporter Fri, November 13, 2026 at 7:47 AM EST 1 min read CBRS +11.92% NVDA +1.34% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Cerebras Systems (CBRS) stock jumped 13% in premarket trading after the AI chipmaker reported record third quarter revenue and raised its full-year outlook.
The company's core revenue rose 70% year over year to $230.9 million while cloud revenue surged 272% to $144.9 million. The maker of AI chips, looking to compete with Nvidia (NVDA), said it sees fourth quarter core revenue of $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million.
The company also announced commercial deals with two new hyperscalers, or large cloud computing providers that operate data centers. One is among the world's top three, with Cerebras saying it would share more details about the deal next year.
"These new deals, alongside continued growth and execution with our existing customers, enable us to raise Q4 core guidance across the board and continue to see revenue tripling in 2027 with expanding gross margins," Cerebras CEO Andrew Feldman said during the company's earnings call on Thursday.
Go deeper with AlphaSpace 97.75 -3.33 (-3.29%) At close: November 12 at 4:00:01 PM EST 109.40 +11.65 (+11.92%) Pre-Market: 7:55:00 AM EST Cerebras Systems went public in May in a highly anticipated IPO. The startup, whose wafer-scale processors are designed to accelerate AI workloads, seeks to compete with AI chip heavyweight Nvidia.
Cerebras has established partnerships across the AI industry, including collaborations with Amazon (AMZN) and OpenAI (OPAI.PVT). Earlier this year, OpenAI launched its first AI model running on Cerebras chips.
