Cerebras: Two Revenue Bases in the Third-Quarter Release
Cerebras reported third-quarter 2026 results for the period ended September 30 after the November 12 regular session. GAAP total revenue was $210.809 million, up 55.3% from $135.714 million a year earlier. Its separately defined Core, non-GAAP revenue was $230.873 million, up 70.1%. The Core reconciliation removes $16.360 million of pass-through revenue and adds back $36.424 million of customer-warrant amortization. These figures describe different accounting bases. The company also reported $26.1 billion in remaining performance obligations, which is not revenue recognized in this quarter.
The GAAP net loss widened to $161.218 million from $22.201 million. Core non-GAAP net income was $29.823 million versus a $10.855 million Core loss a year earlier. Cerebras did not report Core earnings per share in this release. Its outlook calls for fourth-quarter Core revenue of approximately $310–$330 million and full-year 2026 Core revenue of $940–$960 million; these are Core projections, not GAAP revenue guidance.
Completed regular-session chart
CBRS closed November 12 at $97.75, down 3.29% from its November 11 regular close of $101.08, before the results filing. The chart below ends at the completed regular session. Any extended-hours trading is separate from that daily candle. The chart marks $117.93 as a dated resistance reference, not a price target.
Watch the CBRS Short and see the November 12 Daily Levels.
Source: Cerebras Q3 2026 SEC Exhibit 99.1; Yahoo Finance completed daily bars cross-checked to CNBC's dated regular close; attributed TradingView chart. This is market research only, not a recommendation to buy or sell.