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Friday, 13 November 2026
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Cerebras Shares Rise 13% After Earnings Report and Microsoft Deal

Cerebras reported revenue above expectations and announced an agreement with Microsoft. Against this backdrop, its shares climbed 13% in extended trading.

13 Nov, 09:38Read in Russian

Cerebras Systems posted core revenue of $230.9 million, compared with the $214.7 million forecast by LSEG analysts. The figure increased by 70% year-over-year, although the previous quarter’s growth rate was 103%.

The company also reported an agreement with Microsoft, signed in October. According to Cerebras Systems CEO Andrew Feldman, revenue from this deal will begin to be reflected in the first quarter of 2027. Earlier, Cerebras had entered into agreements with other major cloud providers—Amazon and Oracle.

For the next quarter, the company projects revenue in the range of $310 million to $330 million. Cerebras expects its revenue to triple in 2027. To meet growing demand, the company is assessing financing options, Feldman stated.

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