# Cerebras stock jumps 17% with AI revenue surge

> Cerebras Systems stock rises 17% after reporting strong AI chip revenue and Microsoft deal.
- Title: Cerebras stock jumps 17% with AI revenue surge · SiliconANGLE
- Summary: Cerebras Systems stock rises 17% after reporting strong AI chip revenue and Microsoft deal.
- Keywords: cerebras systems, microsoft, ai chip revenue, stock price, third quarter, adjusted revenue, nvidia, openai, cloud services, order backlog, enterprise, SiliconANGLE
- Source: SiliconANGLE — https://siliconangle.com/2026/11/12/surging-ai-chip-revenue-and-microsoft-deal-boost-cerebras-systemss-stock-by-17
- Author: Mike Wheatley
- Published: 2026-11-12T23:40:34+00:00
- Read time: 1 min
- Topics: cerebras systems, microsoft, ai chip revenue, stock price, third quarter, adjusted revenue, nvidia, openai, cloud services, order backlog, technology, enterprise
## Cerebras reports strong quarterly revenue
Cerebras Systems delivered third-quarter revenue of $230.9 million, up 70% from a year earlier.
## Microsoft deal boosts stock price
Cerebras announced a new deal with Microsoft Corp., sending its stock up almost 18% in late trading.
## Company reports adjusted revenue
Core adjusted revenue for the period came to $230.9 million, surpassing Wall Street’s target of $214.7 million.
## Accounting adjustments explained
The adjustments in Cerebras’ revenue are the result of some of the quirks in its accounting procedures.
## CEO discusses competitive advantage
Chief Executive Andrew Feldman said Cerebras has an advantage over competitors struggling with customer demand and order backlogs.
## Backlog grows to $26 billion
Cerebras backlog rose from $25 billion in August to $26 billion at the end of the quarter.
## Microsoft deal details
Cerebras signed a deal with Microsoft Corp. a month earlier, expecting revenue in quarter one of fiscal 2027.
## Nvidia turmoil impacts market
Nvidia faces turmoil after co-founder Jensen Huang resigned amid reports of affairs and spying allegations.
## Cerebras targets revenue triple
Cerebras believes revenue will triple by end of fiscal 2027, reaching $2.85 billion.
## Key takeaway

Cerebras Systems stock increased 17% following third-quarter revenue of $230.9 million and a new Microsoft deal.