Cerebras raised its full-year 2026 core revenue forecast to between $940 million and $960 million, from $880 million to $890 million previously. In the third quarter, core revenue reached $230.9 million, up 70% year over year, while cloud and services revenue increased 272% to $144.9 million. The company expects revenue to triple in 2027 and plans to expand manufacturing capacity more than tenfold by the end of 2026, with support from Flex, Sanmina and TSMC. Its backlog stands at approximately $26.1 billion, including more than $20 billion tied to OpenAI, and commercial contracts are expected to begin contributing revenue in 2027.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
