Cerebras reports Q2 revenue up 74% YoY to $180M and raises its annual revenue and gross margin forecasts; CBRS drops 14%+ after hours (Reuters)
Investors punished Cerebras for missing revenue expectations even as the company lifted its full-year outlook.
Cerebras reported Q2 revenue of $180 million, up 74% from a year earlier but below the $194.23 million analysts expected. Reuters says the AI chip designer raised its annual revenue and gross margin forecasts, citing strong demand for its chips. The stock fell more than 10% after hours, with CNBC putting the drop at 14%. Techmeme's note
Cerebras reported Q2 revenue of $180 million, up 74% from a year earlier but below the $194.23 million analysts expected. Reuters says the AI chip designer raised its annual revenue and gross margin forecasts, citing strong demand for its chips. The stock fell more than 10% after hours, with CNBC putting the drop at 14%. Techmeme's note
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