Cerebras Shares Slump After Q2 Revenue Miss in AI-Chip Clinch
TL;DR
Cerebras Systems’ stock fell about 16% after-hours after a Q2 revenue miss, with revenue of $180.11 million vs $194.23 million expected and an adjusted loss of $6.91 million, though the cloud business grew to $126 million and total sales rose 74.3% to $180.11 million. The company raised 2026 revenue guidance to $880–$890 million and expects 41–43% gross margin as it scales its wafer-scale engine amid intense competition from Nvidia; a multiyear OpenAI compute deal remains a key growth driver.
- Cerebras raises annual targets on strong AI chip demand Yahoo Finance
- Cerebras stock plunges 14% after second earnings report following IPO CNBC
- Cerebras Systems Reports Solid Earnings. The Stock Is Plunging. barrons.com
- Cerebras shares plummet 16% after results fail to impress investors Reuters
- Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand Bloomberg.com
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