CRBS News & Analysis

Cerebras (CRBS) Stock Falls 14% Despite Q2 Revenue of $180 Million

Cerebras Systems' stock fell approximately 14% in extended trading after reporting second-quarter revenue of $180 million, below the LSEG consensus estimate of $194 million. The company raised its full-year revenue guidance, now forecasting between $880 million and $890 million. Cerebras recorded a net loss of $450.5 million, mainly due to stock-compensation costs of $386.6 million. Despite the earnings miss, the company noted a strong demand for AI chips and expects core revenue to triple in the next fiscal year, which may influence investor sentiment positively in the long term.