CEREBRAS $CBRS Q3’26 EARNINGS HIGHLIGHTS 🔹 Core Revenue: $230.9M (Est. $215M) 🟢; +70% YoY 🔹 GAAP Revenue: $210.8M; +55% YoY 🔹 Core Gross Margin: 41%; +30 bps YoY 🔹 GAAP Gross Margin: 20% Raises FY26 Guide: 🔹 Core Revenue: $940M-$960M (Est. $887M) 🟢 🔹 Core Gross Margin: 42%-44% 🔹 Core Operating Margin: -10% to -8% Q4 Guide: 🔹 Core Revenue: ~$310M-$330M (Est. $271M) 🟢 🔹 Core Gross Margin: 47%-49% 🔹 Core Operating Margin: -1% to 1% Segment Revenue: 🔹 Cloud & Other Services: $141.9M; +265% YoY 🔹 Hardware: $68,881K; -29% YoY Announcements: 🔹 Data Center Capacity: 700 MW under contract for delivery by end-2027 🔹 CS-4: Up to 30x faster inference; soon in full production 🔹 CS-5: Up to 10,000 tokens per second per user; targeted for early Summer 2027 🔹 Bilt: Serving eight million consumers and 50,000 businesses Other Q3 Metrics: 🔹 Remaining Performance Obligations: $26.1B 🔹 Core Operating Margin: -14% 🔹 GAAP EPS: -$0.67 🔹 Liquidity: $7.8B; Debt Capacity: $850M Comments: 🔸 “We’re giving customers more ways to access our technology and scale with us be it through direct system sales, Cerebras Cloud or third-party cloud providers.”