On November 13, Cerebras Systems rose more than 18% in Pre-Market Trading. The move followed a clear earnings-driven and event-driven catalyst: the company reported third-quarter results above expectations, raised its full-year core revenue outlook, and announced a cloud partnership with Microsoft.

Reported figures showed third-quarter core revenue of $230.9 million, above the roughly $214.7 million market expectation. The company lifted full-year core revenue guidance to $940 million-$960 million from $880 million-$890 million, and guided fourth-quarter core revenue to $310 million-$330 million with core gross margin of 47%-49%.

Additional support came from business momentum in AI inference and cloud. Management said cloud revenue surged more than 265% year over year, remaining performance obligations reached $26.1 billion as of September 30, and the company completed partnerships with Amazon, Oracle, and Microsoft within six months, reinforcing expectations for sustained hyperscaler demand.

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