Cerebras Systems Reports Q3 2026 Record Revenue and Outlook
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Cerebras Systems Delivers Record Revenue in Third Quarter 2026, Raises Full-Year Outlook
SUNNYVALE, Calif., USA -- Cerebras Systems (NASDAQ: CBRS), maker of the world's fastest AI infrastructure, announced its financial results for the third quarter ended September 30, 2026, delivering record revenue and raising its full-year outlook amid surging demand for high-speed inference from new and existing customers.
The company reported record GAAP total revenue of $210.8 million, representing a 55 percent increase year-over-year, and record Core total revenue of $230.9 million, up 70 percent from the same period last year. GAAP cloud revenue grew 265 percent to $141.9 million, while Core cloud revenue reached $144.9 million, up 272 percent year-over-year.
Financial Highlights
- Record GAAP total revenue of $210.8 million, up 55% year-over-year.
- Record Core total revenue of $230.9 million, up 70% year-over-year.
- GAAP gross margin of 20% and Core gross margin of 41%.
- Strong liquidity with cash, cash equivalents, restricted cash, and short-term investments totaling $7.8 billion and $850 million in debt capacity.
Cerebras also highlighted significant business momentum, including commercial wins with two new hyperscalers, 700 megawatts of data center capacity now under contract, and the delivery of production-scale heterogeneous disaggregated inference. Based on its strong performance, the company raised its full-year 2026 Core revenue outlook to between $940 million and $960 million and expects to triple revenue in 2027.
