Cerebras lifts full-year guidance as AI demand stays red-hot after Q2

Cerebras Systems raised its full-year core revenue guidance to $880–$890 million after reporting Q2 results of $180 million in total revenue ($210 million core, including pass-through), with a net loss of $450.5 million largely due to stock-compensation. The company projects Q3 core revenue of $214–$216 million and gross margins of 38–40%, citing strong demand for fast-inference AI chips. CEO Andrew Feldman said AI demand is 'through the roof' and highlighted a path to growth through scale, better pricing, and manufacturing efficiency. Cerebras also disclosed a partnership with AMD and OpenAI’s GPT-5.6 Sol, plus $126 million in cloud revenue for the quarter; the stock fell about 14% in extended trading after the results.