Quarterly ResultAug 12, 2026, 04:15 PM

Cerebras Systems Q2 Core Revenue +103% to $209.9M; Cloud +287%

AI Summary

Cerebras Systems announced strong financial results for Q2 2026, with core total revenue more than doubling to $209.9 million and core cloud revenue nearly quadrupling, growing 287% year-over-year. The company reported significant improvements in core gross and operating margins. Strategic highlights include raising $6.4 billion from its IPO, expanding data center capacity to over 600 MW, and projecting a more than 10x increase in manufacturing capacity for 2026. Cerebras also raised its full-year 2026 core revenue guidance to $880-$890 million.

Key Highlights

Core total revenue grew 103% year-over-year to $209.9 million.
Core cloud and other services revenue increased 287% year-over-year to $127.7 million.
Core gross margin improved to 41%, up 940 basis points from Q2 2025.
Core operating margin improved to (16%), up 2,600 basis points from Q2 2025.
Secured over 600 MW of data center capacity under contract.
Manufacturing capacity expected to scale more than 10x in 2026.
Raised $6.4 billion in gross proceeds through IPO.
Full Year 2026 core revenue outlook raised to $880-$890 million.

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Cerebras Systems Inc.

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