Cerebras Systems Q2 Core Revenue Hits $210 Million, Raises Full-Year Guidance to $880-$890 Million, Shares
Cerebras Systems reported second-quarter core revenue of $210 million and GAAP revenue of $180.1 million, up 74% year over year, while raising its full-year guidance to $880-$890 million. The company posted a net loss of $450.5 million, but shares fell about 12% in after-hours trading. Cerebras also announced an AMD partnership and OpenAI adoption of its chips.
Cerebras Systems, in its second earnings report since going public, raised its full-year outlook, but shares fell about 12% in after-hours trading. The company reported second-quarter core revenue of $210 million and GAAP revenue of $180.1 million, up 74% year over year. Net loss was $450.5 million, or $2.89 per share, with a diluted loss of $2.98 per share. In the same period last year, the company posted a profit of $309.5 million, or $1.91 per share.
The company said core gross margin for the current quarter would expand to between 38% and 40%.
Cerebras listed on Nasdaq in May 2026 at an offering price of $185 per share, raising $6.4 billion. Shares closed Wednesday at $262.06, up 42% from the offer price.
The company recently formed a partnership with AMD, with related products slated for production later this year. Cerebras also said OpenAI can use its chips to serve its latest model, GPT 5.6-Sol. Cloud services generated $126 million in revenue in the June quarter.
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