Cerebras Reports 92% Revenue Growth in First Quarter

Cerebras reported revenue of $193.4 million for the first quarter of 2026, an increase of 92% from $99.5 million in the same period a year earlier. The company posted a net loss of $14 million, or 22 cents per share, compared with a net loss of $23.

Technology company since Uber in 2019. Shares opened at $350 on the first day of trading and closed at $311.07. The stock closed at $226.72 on June 23, down 28% from that first-day close. The company reported a core gross margin of 46.5% in the first quarter and guided for a core gross margin of 36% to 38% in the second quarter.

It expects core revenue of $914 million in Q2 2026, representing 88% growth from a year earlier, and full-year core revenue between $855.5 million and $865 million, or 69% growth at the midpoint. Cerebras shares fell 10% in after-hours trading after the earnings release.