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Cerebras CBRS Dips After Mixed Q2 as Cloud Revenue Surges
finance12 days ago

Cerebras CBRS Dips After Mixed Q2 as Cloud Revenue Surges

Cerebras Systems (CBRS) posted Q2 revenue of $180.1M, up 74% year over year, but hardware sales slipped to $54.1M amid lumpy demand and data-center space constraints while its cloud-services revenue jumped to $126M. The company swung to a net loss of $450.5M largely due to $386.6M in stock-based compensation. Cerebras raised its 2026 core revenue guidance to $214–216M and now sees full-year revenue of $880–890M, with a plan to more than triple revenue in 2027 as production scales; the market reacted with about a 15% after-hours drop as investors weigh the mix of cloud momentum against hardware headwinds, and the company continues to push against Nvidia with partnerships and OpenAI integration for its Wafer-Scale Engine.

via Yahoo Finance|
#cbrs#cerebras-systems#cloud-revenue
Cerebras lifts full-year guidance as AI demand stays red-hot after Q2
technology13 days ago

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.

via CNBC|
#ai-chips#cbrs#cerebras