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Cerebras stock plunges 14% after second earnings report following IPO
Cerebras Systems raised its full-year guidance in the second earnings report following the chipmaker's IPO in May. But the stock tumbled about 14% in extended trading.
Here's how it did in the second quarter versus LSEG consensus estimates:
Cerebras said in a statement on Wednesday that it expects core revenue of between $214 and $216 million this quarter.
The company raised its full-year outlook, and now expects core revenue of between $880 and $890 million, up from a prior range of $855 million to $865 million.
The $180 million sales figure for the second quarter represents core revenue. Cerebras also reported a total revenue figure of $210 million, which includes "pass-through revenue."
Cerebras Systems Fast Inference Cloud Business Nearly Quadruples in Second Quarter 2026
GAAP cloud revenue grew 281%, core cloud revenue grew 287% from a year ago
Partnerships with AMD and AWS establish Cerebras as the leader in disaggregated inference
SUNNYVALE, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) — Cerebras Systems (NASDAQ: CBRS), maker of the world's fastest AI infrastructure, today announced financial results for the second quarter ended June 30, 2026.
"This was an outstanding quarter for Cerebras. Core revenue more than doubled to $210 million, and our cloud business nearly quadrupled year-over-year," said Andrew Feldman, Cerebras co-founder and CEO. "Speed changes what AI can do. It makes AI more useful, more productive, and opens entirely new markets. As a result, the demand for fast inference is enormous and Cerebras is scaling to meet it, securing more data center capacity, expanding manufacturing, and growing with customers and partners including OpenAI, AWS, AMD, and CrowdStrike."
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Cerebras Systems tumbles as weak Q2 results overshadow guidance (CBRS:NASDAQ)
Cerebras Systems (CBRS) shares fell 11.5% in extended trading on Wednesday as the semiconductor company reported second-quarter results that missed Wall Street's forecast by a wide margin.
For the period ending June 30, Cerebras said it lost an adjusted $2.98 per share
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