Cerebras Systems, a Sunnyvale-based AI chip and infrastructure company, said on November 12 that GAAP revenue for the quarter ended September 30 rose 55% year on year to a record US$210.8 million.

The growth was driven by demand for its cloud inference services.

The company raised its full-year core revenue outlook to between US$940 million and US$960 million and forecast fourth-quarter core revenue of between US$310 million and US$330 million.

Core figures are non-GAAP, excluding non-cash customer-warrant amortization, stock-based compensation, data center pass-through revenue and costs, and certain other items.

Cerebras said Oracle is integrating its technology to bring inference to Oracle Cloud Infrastructure, with availability planned for 2027.

The company also said it has 700 gross megawatts of data center capacity under contract for delivery by the end of 2027. Cerebras said its systems compete with Nvidia-based inference infrastructure.

🔗 Source: Cerebras Systems

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