Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge
CBRS•Cerebras raised its 2026 adjusted revenue forecast to $940 million-$960 million from $880 million-$890 million, as third-quarter adjusted sales rose 70% to $230.9 million. Shares climbed nearly 18% in extended trading.
1. Forecast raised
Cerebras now expects 2026 adjusted revenue of $940 million to $960 million, up from its previous forecast of $880 million to $890 million. The company said strong demand for AI computing capacity is driving the increase.
2. Quarterly results
Third-quarter adjusted sales rose 70% to $230.9 million, exceeding the average analyst estimate of $214.70 million. Net loss widened to 67 cents per share from 41 cents a year earlier. Adjusted core cloud and services revenue, which reflects the OpenAI deal, more than tripled to $144.9 million.
3. OpenAI agreement
Cerebras is expanding chip volumes to support a $20 billion multi-year agreement to provide computing power for OpenAI. Its remaining performance obligations stood at $26.1 billion as of September 30.
