Cerebras shares surge after quarterly revenue beat and Microsoft deal
AI chipmaker Cerebras posted record third-quarter revenue and an unexpected profit, and raised its 2026 guidance. It also signed a deal with Microsoft, now one of its customers, and its shares jumped on November 12 and 13.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
What happened
AI chipmaker Cerebras reported record third-quarter revenue and a surprise profit, and raised its 2026 guidance. It also announced a new deal with Microsoft, which is now among its customers. Its shares rose sharply on November 12 and 13.
Why it matters
The results and the Microsoft deal drove a sharp rise in Cerebras shares.
Timeline
- Nov 12, 4:07 PM ET: Cerebras announced a new deal with Microsoft after beating on quarterly revenue, and its shares rose.
- Nov 13, 8:06 AM ET: Cerebras shares soared on the earnings news as the Dow rose ahead of inflation data.
- Nov 13, 5:10 PM ET: Cerebras shares closed up more than 11 percent after its record third-quarter revenue and raised 2026 guidance.
Coverage
- Stock Market Today, Nov. 13: Cerebras Surges Over 11% on Record Q3 Revenue and Raised 2026 Guidance (fool.com)
- Cerebras, Cisco and Applied Materials: 8 Key Items Shaping the Stock Market Friday (pro.thestreet.com)
- Stock Market Today: Dow Rises Ahead Of Inflation Data; This AI Chipmaker Soars On Earnings News (Live Coverage) (Investor's Business Daily)
- Stocks making the biggest moves premarket: Microsoft, Nvidia, Cerebras & more (CNBC)
- 'Fast Money' traders react to Cerebras shares taking off on earnings (CNBC)
- Cerebras surges 13% after beating on quarterly revenue and announcing Microsoft deal (CNBC)
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