Prediction: Cerebras' Revenue Will More Than Double in 2027
Most of the doubling is already under contract -- and management's own plan calls for far more.
Overview
Cerebras Systems (NASDAQ:CBRS) expects to generate $880 million to $890 million of core revenue in 2026, an outlook management raised in mid-August. Core revenue is the artificial intelligence (AI) computing specialist's preferred non-GAAP (adjusted) measure, and it's the number I'll use throughout. It excludes data center revenue the company merely passes through to customers and adds back a noncash deduction tied to customer warrants.
I think 2027 core revenue tops $1.8 billion -- more than double this year's target. That may sound aggressive for a company that went public in May. I'd argue it's the conservative reading of Cerebras' own numbers.
Details
After all, management's plan for next year is bigger than mine. And Cerebras closed the first half with $25.4 billion of remaining performance obligations, the value of signed customer contracts it hasn't yet turned into revenue.
Source
Originally published at www.fool.com.