Cerebras lifts its forecast and says Microsoft signed on
The AI chipmaker’s core revenue rose 70% to $230.9 million in the third quarter. It now expects $940 million to $960 million of core revenue in 2026. Chief executive Andrew Feldman said Microsoft signed a cloud deal, but no terms were given.
Cerebras reported results for the three months to September 30 on November 12, after the US stock market closed. Its shares rose about 17% in after-hours trading. Its cloud business, which rents out its chips, grew fastest.