Earnings Report· 2026-08-12
CBRS
Q2 · 2026After-MarketCerebras Systems Inc.
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
-2.98
-256.02% YoY
Expected
-1.67
Miss
-78.44%
REVENUE
Actual ($)
180.11M
74.00% YoY
Expected
193.55M
Miss
-6.94%
Earning Report
| Metric | Q2 2026 | Q2 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $180.11M | $103.32M | +74.0% |
| └─Hardware | $54.12M | $70.30M | -23.0% |
| └─Cloud and other services | $125.99M | $33.03M | +281.0% |
| Net Loss | $(450,528K) | $309.51M | -245.6% |
| Core net loss | $(6,908K) | $(40,543K) | - |
| GAAP Basic EPS | $(2.98) | $2.28 | -230.7% |
| GAAP Diluted EPS | $(2.98) | $1.91 | -256.0% |
Business Highlights
- ➤GAAP revenue $180.1M, up 74% YoY
- ➤Core revenue $209.9M, up 103% YoY
- ➤GAAP cloud revenue $126.0M, up 281% YoY
- ➤More than 600 MW of data-center capacity live and under contract
- ➤Manufacturing capacity planned to increase more than 10x in 2026
- ➤Enabled OpenAI GPT-5.6 Sol at 750 tokens per second
- ➤Raised $6.4B in IPO gross proceeds; closed $850M revolving credit facility
- ➤Q3 core revenue outlook: $214M–$216M
Management Commentary
Andrew Feldman, Cerebras co-founder and CEO
“This was an outstanding quarter for Cerebras. Core revenue more than doubled to $210 million, and our cloud business nearly quadrupled year-over-year. 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.”
Bob Komin, Chief Financial Officer of Cerebras
“Our quarterly results exceeded our guidance across all core business metrics. The market has responded strongly to the value of fast inference. We significantly improved core gross and operating margins compared to a year ago. We have made rapid progress in key areas required to deliver exceptional growth against our remaining performance obligations of $25.4 billion, and plan to more than triple revenue in 2027.”