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Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC)

Techmeme ·

Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC)

The Brief · written from 2 sources

  • Cerebras reported Q3 core revenue up 70% year over year to $230.9M, above the $214.7M estimate.
  • The company issued quarterly guidance that beat analyst expectations.
  • Cerebras announced a deal with Microsoft; shares rose more than 15% after hours.

Why it matters

The results and the Microsoft deal signal growing commercial traction for Cerebras as an AI chip alternative to Nvidia, which may matter to teams evaluating AI inference hardware.

Jordan Novet / CNBC : Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours — Cerebras Systems reported better-than-expected revenue and quarterly guidance in its…

Read the full story at techmeme.com ↗

Timeline

  1. Cerebras reports Q3 results, issues guidance and announces Microsoft deal

  2. Bloomberg Technology

    Cerebras Delivers Solid Outlook in Bid to Challenge Nvidia

  3. Techmeme

    Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC)

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    Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC) – The Morning Dev