Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Cerebras Systems Inc. (CBRS)

Cerebras Systems revenue rises 94% to $193.4 million; net loss narrows to $14.0 million

Positive Impact 3 of 5 earnings Written later

Cerebras Systems reported GAAP revenue of $193.4 million for the quarter ended March 31, 2026, up 94% from a year earlier, and a net loss of $14.0 million, down from $23.9 million. The company also gave core revenue guidance of approximately $194.0 million for the second quarter and $855.0 to $865.0 million for fiscal 2026, but its guided core gross margin of 36% to 38% for the second quarter is below the 47% it reported for the first quarter.

Key points

  • GAAP revenue of $193.4 million, up 94% year over year; hardware revenue $110.6 million, cloud and other services revenue $82.8 million
  • GAAP net loss of $14.0 million, or $0.22 per share, compared with a net loss of $23.9 million, or $0.46 per share, a year earlier
  • Q2 2026 core revenue outlook of approximately $194.0 million, up 88% year over year, with a core gross margin of 36% to 38%
  • Full-year fiscal 2026 core revenue outlook of $855.0 to $865.0 million, with a core gross margin of 38% to 41%

The filing

CompanyCerebras Systems Inc. (CBRS)
Form8-K, current report
Filed with the SECJun 23, 2026, 4:43 PM ET
Accession number0001628280-26-044941

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.