Cerebras Systems Secures Deals With Microsoft, AWS and Oracle

Cerebras Systems Inc. expanded its customer base by securing agreements with Microsoft, Amazon Web Services, and Oracle. These partnerships aim to reduce the company's dependence on its largest customer, OpenAI.

Financial performance remains mixed. The company reported a GAAP loss and third-quarter revenue that failed to meet expectations. However, Cerebras forecast fourth-quarter core revenue between $310 million and $330 million, with projected gross margins ranging from 47% to 49%.

Specific details regarding the Microsoft agreement are expected to be released in 2027. While analysts see potential for earnings growth through margin recovery, they remain cautious about the timing of cloud revenue and the growth trajectory of the company's primary customer.