Cerebras lifts third-quarter revenue 55% as cloud inference overtakes hardware sales
Cerebras Systems has become more of a cloud inference business than a hardware supplier. In the third quarter ended September 30, 2026, the company reported record GAAP revenue of US$210.8 million, up 55% from a year earlier. Cloud and other services now account for about two-thirds of the total. Reported profitability has not kept pace. Non-cash charges for customer warrants and employee stock compensation, which jumped after the company's listing, pulled GAAP gross margin down to 20% and left operating losses far wider than a year ago.