Cerebras Stocks Jump 11.70% After Raising Outlook and Confirming Microsoft Cloud Deal Khac Phu Nguyen Fri, November 13, 2026 at 1:44 PM EST 2 min read CBRS +11.88% MSFT +0.35% Trade MSFT 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 (NASDAQ:CBRS) shares jumped 11.70% to $109.19 as of 9:53 a.m. ET in Friday's regular session on November 13, after CEO Andrew Feldman confirmed a cloud computing agreement with Microsoft on Thursday's earnings call. Terms were not disclosed, and the company plans to share more next year.
Warning! GuruFocus has detected 3 Warning Signs with CBRS.
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The quarter showed a business turning into a cloud provider. GAAP revenue rose 55% to $210.8 million, and core revenue grew 70% to $230.9 million. Cloud and other services made up about 67% of GAAP revenue, with GAAP cloud revenue up 265%. Remaining performance obligations reached $26.1 billion. Core gross margin improved to 41.0%, though the GAAP net loss was $161.2 million. Cerebras raised 2026 core revenue guidance to $940 million to $960 million from $880 million to $890 million, guided fourth-quarter core revenue to $310 million to $330 million, and reiterated that revenue should triple in 2027.
The fourth-quarter midpoint implies a 38.6% jump from third-quarter core revenue, a steep ramp that depends on capacity coming online on time. The backlog equals about 27 times this year's revenue guide, so delivery, not demand, is the constraint. The shares also remain well below the $185 IPO price from May. The GuruFocus chart shows a GF Score of 19/100, a weak reading driven by low profitability and a short track record, even though the balance sheet scores reasonably well after the IPO. Investors are buying the backlog, not the current financials. The next test is whether fourth-quarter core revenue lands inside the $310 million to $330 million range.
