# Cerebras stock jumps 17% on Microsoft deal

> Cerebras Systems shares rose 17% after signing Microsoft deal and tripling 2027 revenue pledge.
- Title: Cerebras stock jumps 17% on Microsoft deal · Startup Fortune
- Summary: Cerebras Systems shares rose 17% after signing Microsoft deal and tripling 2027 revenue pledge.
- Keywords: cerebras, microsoft, revenue target, 2027, stock price, ai hardware, core revenue, Startup Fortune
- Source: Startup Fortune — https://startupfortune.com/cerebras-jumps-17-on-microsoft-deal-and-a-pledge-to-triple-2027-revenue
- Published: 2026-11-13T17:24:28+00:00
- Read time: 1 min
- Topics: cerebras, microsoft, revenue target, 2027, stock price, ai hardware, core revenue, startups, business
## Cerebras reports Q3 revenue
Cerebras Systems reported third-quarter core revenue of $230.9 million, beating expectations of $214.7 million.
## Microsoft deal signed
Cerebras signed a deal with Microsoft for revenue to start appearing in 2027.
## 2027 revenue target
Cerebras pledged to triple 2027 revenue from current levels.
## Backlog details
Cerebras has $26.1 billion in remaining performance obligations tied to OpenAI.
## Margin guidance
Cerebras expects core gross margin to rise from 41% to 47% to 49% by 2027.
## Stock performance
Shares rose 17% in extended trading to $115 after earnings report.
## Key takeaway

Cerebras Systems stock increased 17% following Microsoft agreement and revenue target for 2027.