Cerebras Q3 Revenue Falls Short, but Cloud Sales Surge 265% and Full-Year Outlook Raised -- BigGo Finance

Cerebras Systems Inc. (NASDAQ:CBRS) reported third-quarter fiscal 2026 revenue of $210.8 million, short of the $214.7 million analysts had expected, according to Benzinga. The chipmaker offset the miss by lifting its full-year revenue forecast to a range of $940 million to $960 million, well above the $887.04 million consensus estimate.

Cloud revenue was the standout. GAAP cloud revenue climbed 265% from a year earlier, while core cloud revenue reached $144.9 million, up 272% year over year. The results were released after Thursday's closing bell.

"Cerebras' technology remains the undisputed champion of speed," CEO Andrew Feldman said. "We're giving customers more ways to access our technology and scale with us be it through direct system sales, Cerebras Cloud or third-party cloud providers."

The report marked the company's third since its May listing. The shares had fallen 68% from that debut ahead of the release, following a disappointing August earnings report, though they gained nearly 17% over the five sessions leading into Thursday, bucking the broader semiconductor trend, TheStreet reported.

Cerebras shares moved higher following the results.