Cerebras (CBRS) Q1 earnings report 2026
Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq MarketSite in New York on May 14, 2026.
Michael Nagle | Bloomberg | Getty Images
brains Revenue growth has nearly doubled, the AI chip maker said in its first earnings report since its initial public offering last month. The stock fell 5% in extended trading.
Here’s what the company does:
- Loss per share: 22 cents
- Revenues: $193.4 million
According to the statement, the company’s revenue increased by 92% on an annual basis in the first quarter. Net loss narrowed to $14 million, from $23.9 million (46 cents per share) a year ago.
Capitalizing on investor interest in infrastructure to run AI models, Cerebras went public on Nasdaq in May. After pricing its IPO at $185, Cerebras saw its shares open at $350 and close at $311.07.
Shares have fallen 28% since then, closing Tuesday at $226.72.
Founded in 2015, Cerebras achieved the highest figure for a US technology company since then, with an offering of approximately $6 billion. UberHe made his debut in 2019.
Since Cerebras’ IPO, its stock price has fallen nearly 35%.
Cerebras seeks to challenge AI chip leader Nvidia is in one corner of the market and also runs a service for running AI models through data centers packed with processors.
Cerebras has a partial performance advantage by containing many times more SRAM memory in its chip than other SRAM memories. Google’s Nvidia’s latest tensor processing unit, or Groq 3 LPU chip, which it announced in March, features this technology, Mizuho said in a June 8 note to customers.
He said Cerebras chips will be coming in in the first quarter Amazon Web Services announced a deal worth over $20 billion to provide data centers and computing power to OpenAI.
Executives will discuss the results with analysts in a conference call starting at 5 p.m. ET.
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