Prediction: Cerebras' Revenue Will More Than Double in 2027
Most of the doubling is already under contract -- and management's own plan calls for far more.
Cerebras Systems (NASDAQ:CBRS) anticipates its core revenue, an adjusted measure of artificial intelligence (AI) computing revenue, to reach between $880 million and $890 million in 2026, a projection the company raised in mid-August. Core revenue excludes data center income the firm merely passes on to customers and adds back a noncash deduction connected to customer warrants.
I believe the company's core revenue for 2027 will exceed $1.8 billion, which represents more than double this year's target. While this figure may seem ambitious for a company that went public in May, it appears to be a conservative interpretation of Cerebras' own figures. Management projects a larger figure for the upcoming year, and the company holds $25.4 billion in remaining performance obligations as of the first half, signifying the value of signed customer contracts that have yet to be converted into revenue.
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