Quarterly ResultJun 23, 2026, 04:47 PM
Cerebras secures $20B+ OpenAI deal; Q1 revenue $193.4M, up 94%
AI Summary
Cerebras Systems Inc. announced strong first-quarter 2026 financial results, highlighted by a significant multi-year deal with OpenAI valued at over $20 billion for high-speed inference compute. The company also established a multi-year partnership with Amazon to integrate its AI inference technology into AWS. Additionally, Cerebras successfully completed a $6.4 billion IPO in Q2, marking the largest semiconductor IPO ever, and reported GAAP quarterly revenue of $193.4 million, a 94% increase year-over-year.
Key Highlights
- Secured a multi-year deal with OpenAI valued at over $20 billion for 750MW of compute.
- Launched a multi-year partnership with Amazon to bring fast inference to AWS.
- Raised $6.4 billion in Q2 through the largest semiconductor IPO of all time.
- GAAP quarterly revenue reached $193.4 million, a 94% increase year-over-year.
- Core revenue was $191.3 million, up 92% from the prior year.
- GAAP net loss improved to $14.0 million from $23.9 million in Q1 2025.
- Cash, cash equivalents, and short-term investments totaled $3.3 billion.
- Forecasts Q2 2026 core revenue of approximately $194.0 million, up 88% year-over-year.
Price Impact
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