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.
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Cerebras Q3 Details
Cerebras reported quarterly losses of 67 cents per share, which missed the consensus estimate for a loss of 14 cents, per Benzinga Pro data.
Quarterly revenue of $210.8 million missed the Street estimate of $214.7 million. GAAP cloud revenue grew 265% from a year ago, and core cloud revenue was $144.9 million, up 272% from a year ago.
“Cerebras’ technology remains the undisputed champion of speed,” said Andrew Feldman, CEO of Cerebras. “We’re giving customers more ways to access our technology and scale with us be it through direct system sales, Cerebras Cloud or third-party cloud providers.”
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Looking Ahead
Cerebras raised its fiscal 2026 revenue outlook to between $940 million and $960 million, compared to the $887.04 million analyst estimate.
CBRS Stock Price: According to data from Benzinga Pro, Cerebras stock was up 12.92% to $110.38 in Thursday’s extended trading.
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