Cerebras Q2 Revenue Rises 103% to $209.9 Million; Shares Slide 12% After Hours
AI chip maker Cerebras reported second-quarter revenue of $209.9 million, up 103% year over year, driven by cloud business revenue that nearly quadrupled. Operating margin remained negative at approximately -16%, while gross margin recovered to 41%, still below prior highs. The stock fell more than 12% in after-hours trading following the earnings release, after gaining over 11.6% during regular trading.
AI chip company Cerebras released its second-quarter fiscal 2026 financial results. Core revenue reached $209.9 million, up 103% year over year. Cloud business revenue was particularly strong, rising nearly fourfold year over year. Core operating margin remained in negative territory at approximately -16%. Gross margin recovered to 41%, though still below previous highs.
Following the earnings release, the company's shares fell more than 12% in after-hours trading. During regular trading before the announcement, the stock had risen more than 11.6%.