Cerebras Q2 revenue rises 74% to $180.1 million; GAAP net loss $450.5 million
Cerebras reported second-quarter 2026 GAAP total revenue of $180.1 million, up 74% from a year earlier, and core revenue of $209.9 million, up 103%. The company posted a GAAP net loss of $450.5 million, compared with net income of $309.5 million a year earlier, which included a $363.3 million forward contract benefit. It raised its full-year 2026 core revenue outlook to $880 million to $890 million.
Key points
- GAAP total revenue was $180.1 million, up 74% year over year; core total revenue was $209.9 million, up 103%.
- GAAP net loss was $450.5 million, or $2.98 per share, versus net income of $309.5 million, or $1.91 diluted per share, in Q2 2025.
- Full-year 2026 core revenue outlook raised to $880 million to $890 million; Q3 2026 core revenue expected at $214 million to $216 million.
- Remaining performance obligations were $25.4 billion as of June 30, 2026.
The filing
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 August 12, 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.