Cerebras raises 2026 forward view, sees revenue tripling in 2027 as $26bn backlog builds
Cerebras Systems posted record third-quarter revenue and raised its full-year prospects in its first earnings season as a listed business. Revenue moved higher 55% from a year earlier to about $211 million for the quarter ended 30 September.
In this article
In today's stock market today news, Cerebras Systems posted record third-quarter revenue and raised its full-year prospects in its first earnings season as a listed business, according to investingLive. Revenue moved higher 55% from a year earlier to about $211 million for the quarter ended 30 September.
Key points
- For the full year, it projects core revenue of $940 million to $960 million.
- Hardware revenue dropped to about $69 million, from roughly $97 million a year earlier.
- It reported a backlog of roughly $26 billion and around $7.8 billion of cash and short-term investments.
- The firm's preferred "core" measure, which strips out certain items, advanced 70% to about $231 million.
Stock market today: the details
The firm's preferred "core" measure, which strips out certain items, advanced 70% to about $231 million. Hardware revenue dropped to about $69 million, from roughly $97 million a year earlier. For the full year, it projects core revenue of $940 million to $960 million.
It reported a backlog of roughly $26 billion and around $7.8 billion of cash and short-term investments.
Why traders are watching stock market today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Goldman sees AI spending hitting $1.4 trillion by end-2027, almost 4% of the US economy or see all of today's top market news.
FAQ
What is the latest stock market today news?
Cerebras Systems posted record third-quarter revenue and raised its full-year prospects in its first earnings season as a listed business.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
