Cerebras raises its 2026 core-revenue forecast to $940 million-$960 million
Third-quarter GAAP revenue was $210.8 million. Its separate non-GAAP core-revenue measure rose 70% to $230.9 million.
Cerebras raised its full-year 2026 core-revenue forecast to $940 million-$960 million, from $880 million-$890 million, after reporting stronger third-quarter sales. The AI-computing company's outlook uses its non-GAAP core measure, not revenue under standard US accounting rules.
For the quarter ended September 30, GAAP revenue was $210.8 million, up 55% from a year earlier. Core revenue was $230.9 million, up 70%. Core cloud and other services revenue reached $144.9 million, compared with GAAP cloud and other services revenue of $141.9 million.
The distinction matters. Cerebras says its core figures exclude items including non-cash amortization of customer warrants, stock-based compensation and data-center pass-through revenue and costs. The larger adjusted sales number should not be read as GAAP revenue.
For the fourth quarter, management forecasts core revenue of $310 million-$330 million and a core operating margin ranging from a 1% loss to a 1% profit. Those are forecasts, not completed sales or earnings. Its full-year core operating-margin forecast still calls for a loss of 8%-10% of core revenue.
The report adds another view of AI infrastructure demand: sales growth and a raised revenue outlook can coexist with operating losses. Comparing the accounting measures and the forecast period is more useful than treating a stronger sales target as proof of lasting profitability.
