Changes in US stocks | Q3 results exceeded expectations, Cerebras (CBRS.US) surged more than 12% in the premarket

The Zhitong Finance App learned that on Friday, Cerebras (CBRS.US) surged more than 12% in the premarket and is now at $110.26. According to the news, AI chip company Cerebras's third-quarter results exceeded market expectations, and cloud business revenue became the core engine of growth. The company not only raised its revenue guidance for the full year of 2026, but also expects 2027 revenue to triple this year, indicating that it is optimistic about the growth prospects of AI inference computing power demand.

On November 12, local time, Cerebras announced financial results for the third quarter of 2026. The company's core revenue for the quarter reached US$230.9 million, up 70% year on year, higher than analysts' average forecast of US$214.7 million; of these, cloud and other services revenue increased 272% year over year to US$144.9 million. Driven by cloud business growth and customer demand, Cerebras raised its core revenue guidance for the full year 2026 from US$880 million to US$890 million to US$940 million to US$960 million. The company also expects core revenue to reach US$310 million to US$330 million in the fourth quarter, and core gross margin to rise to 47% to 49%. In terms of order reserves, as of September 30, Cerebras' remaining performance obligation (RPO) reached US$26.1 billion. The company also revealed that it has signed a contract for 700 megawatts of data center capacity and plans to deliver it by the end of 2027.