Cerebras CBRS surged 18% after hours, thanks to a phenomenal earnings report! Performance is phenomenal! 1. The AI business is truly booming, with revenue skyrocketing. Q3 revenue reached $210.8 million, a 55% year-over-year increase. The most impressive driver was cloud service revenue, which surged 265% year-over-year! This indicates that Cerebras is no longer just selling chips, but is now actively selling AI computing power. 2. Finally, it's not just burning cash anymore; profitability is improving. Core gross margin has risen to 41%, and core operating losses are narrowing. The company expects Q4 operating profit margin to approach break-even, and in the most optimistic scenario, even turn positive. 3. Orders are ridiculously plentiful, with no shortage of work for the next few years. The company has a backlog of $26.1 billion in orders, more than 20 times its current annualized revenue! It has also signed contracts for 700MW of data center capacity and added two new hyperscale customers, one of whom is a top-three global cloud provider. Oracle also plans to integrate Cerebras' inference services with OCI in 2027. 4. CEO Makes Bold Target: Revenue to Triple by 2027 Q4 core revenue is projected to reach $310-330 million, with full-year revenue revised upwards to $940-960 million. Even more impressively, the CEO predicts revenue will triple by 2027. He's already painting a three-fold picture. 5. New Chips Aren't Idle Either The next-generation CS-5 and WSE-5 have been delivered and entered system testing. Hardware continues to iterate, and cloud services continue to expand, progressing on two fronts. It seems Cerebras isn't planning to rely solely on its existing strengths. After-hours trading volume reached approximately 17.5 million shares, with a turnover of nearly $1.5 billion—this level of activity indicates a genuine buying frenzy!