Cerebras (CBRS) beats Q3 estimates, raises its 2026 forecast, and signs Microsoft (MSFT)

Key points Cerebras beat revenue and adjusted earnings estimates Cerebras signed Microsoft as a cloud customer Cerebras disclosed OpenAI delivery credits in its 10-Q Cerebras Systems (CBRS) shares rose 11.2% to close at $108.72 on November 13, after the AI chipmaker beat third-quarter estimates and raised its full-year revenue forecast. Even after the gain, the stock is about 41% below its $185 IPO price in May. Cerebras reported $230.9 million in core revenue, its adjusted measure, up 70% from a year earlier and above the $214.7 million analysts expected, according to LSEG data cited by CNBC. Adjusted earnings were 12 cents a share, against an expected loss of 14 cents. The company had forecast third-quarter core revenue of $214 million to $216 million in August.

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