Cerebras Stock Jumps on Q3 Cloud Revenue Up 265%, Despite Missed Guidance
Cerebras Systems Inc. (NASDAQ: CBRS ) posted its third-quarter fiscal 2026 results after Thursday’s closing bell , missing estimates but raising its forward guidance. Here’s a look at the details inside the report. CBRS stock is moving. Watch the price action here. Cerebras Q3 Details Cerebras reported quarterly losses of 67 cents per share, which missed the consensus estimate for a loss of 14…
Cerebras Systems Inc. (CBRS) has seen its stock price surge following the release of its Q3 fiscal 2026 results on Thursday. Despite missing analysts' estimates, the company raised its forward guidance, signaling optimistic growth expectations. The company reported a loss of $0.67 per share, which did not meet the consensus estimate of a $0.14 loss.
Revenue for the quarter stood at $210.8 million, slightly below the expected $214.7 million. However, the company's GAAP cloud revenue experienced a remarkable 265% increase year-over-year, reaching $144.9 million, with core cloud revenue accounting for $144.9 million, up 272% from the previous year. Cerebras' CEO, Andrew Feldman, attributed this success to the company's innovative technology and expanding access options for customers through direct sales, Cerebras Cloud, and third-party cloud providers.
The company also raised its fiscal 2026 revenue outlook to a range between $940 million and $960 million, surpassing the analysts' estimate of $887.04 million. Cerebras' stock price responded positively to the news, jumping 12.92% to $110.38 in extended trading on Thursday, as reported by Benzinga Pro.
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