Cerebras signed a contract with Microsoft, remaining performance obligations of 26.1 billion USD

Cerebras, a wafer-scale AI chip company, announced during its Q3 2026 earnings call that it has signed an agreement with Microsoft, becoming the third hyperscale cloud computing customer after AWS and Oracle. The company's core total revenue for Q3 2026 was approximately $230 million, a year-on-year increase of 20%, with cloud services and other revenue at $145 million, a year-on-year increase of 272%.

As of September 30, 2026, Cerebras had remaining performance obligations of $26.1 billion. Cerebras expects its core revenue for the full year 2026 to be between $940 million and $960 million, with a core gross margin of 42% to 44% and a core operating profit margin of 8% to 10%. The company has secured the delivery of 700 MW of data center capacity by 2027 and is enhancing its capacity through multiple partnerships.