This article first appeared on GuruFocus. Cerebras Systems Inc. (NASDAQ:CBRS), which makes wafer-scale AI chips and runs an AI inference cloud, rose 17.20% in premarket after it reported record third-quarter core revenue of $230.9 million, up 70%, and said it had signed a cloud deal with a top-three hyperscaler. Revenue came in above analysts' consensus of $214.7 million. Non-GAAP net income of $0.125 per share was above the loss of $0.155 analysts expected. The GAAP loss was $0.67 a share. Warning! GuruFocus has detected 3 Warning Signs with CBRS. Is CBRS fairly valued? Test your thesis with our free DCF calculator. Cloud and services revenue jumped 265% to $141.9 million, while hardware sales fell to $68.9 million from $96.8 million.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.