Cerebras lifts 2026 revenue outlook to $860 million and unveils AWS deal; shares drop 15.95%

Cerebras Systems reported its first quarterly results as a publicly traded company, beating expectations and raising its 2026 revenue outlook to $860 million at the midpoint, up 69% year over year. The chipmaker also said it has reached its first hyperscaler cloud partnership with AWS. Needham analyst Quinn Bolton reiterated a Buy rating and a $300 price target, even as the stock fell 15.95% in a single session.