Cerebras surged 18% in premarket trading. Third-quarter core revenue came in at $231 million, up 70% year over year and well above expectations, while its cloud business more than doubled. The chipmaker only went public in May, and its stock is still down nearly half since then, so it finally showed some real strength overnight.
It also added Microsoft as a new customer that same day, with revenue contributions set to begin in the first quarter of 2027, and raised its full-year revenue guidance. The snag is on the delivery front: the data center it’s building for OpenAI is held up by land and power issues, pushing back the timeline. Deals worth tens of billions are on the books but haven’t turned into revenue yet.
The orders are real. Whether it can deliver on time is what matters after this rally, right? Haha.
It also added Microsoft as a new customer that same day, with revenue contributions set to begin in the first quarter of 2027, and raised its full-year revenue guidance. The snag is on the delivery front: the data center it’s building for OpenAI is held up by land and power issues, pushing back the timeline. Deals worth tens of billions are on the books but haven’t turned into revenue yet.
The orders are real. Whether it can deliver on time is what matters after this rally, right? Haha.