Cerebras lands Microsoft as its third big cloud customer

AI chip maker Cerebras announced on its Q3 2026 earnings call that it has signed a deal with Microsoft, making Microsoft the third hyperscale cloud customer after AWS and Oracle.

Cerebras posted about $230 million in core revenue for the quarter, up 20% from a year ago. Cloud services and other revenue reached $145 million, up 272%. Its remaining performance obligations stood at $26.1 billion as of September 30, 2026.

The company expects core revenue of $940 million to $960 million for 2026, with a core gross margin of 42% to 44% and a core operating margin of 8% to 10%. It has secured 700MW of data center capacity for delivery through 2027 and is boosting capacity through multiple partnerships.