Cerebras reports Q1 revenue up 94% YoY to $193.4M, net loss down 41% to $14M, and forecasts core gross margin to shrink in Q2; CBRS drops 8%+ after hours (Jordan Novet/CNBC)

Techmeme ·

Cerebras reported rapid revenue growth but weaker margin guidance, pressuring shares and signaling AI chip economics remain volatile.

Categories: Money & Moves

Excerpt

<a href="https://www.cnbc.com/2026/06/23/cerebras-cbrs-q1-earnings-report-2026.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260623/i38.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260623/p38#a260623p38" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Jordan Novet / <a href="http://www.cnbc.com/">CNBC</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/06/23/cerebras-cbrs-q1-earnings-report-2026.html">Cerebras reports Q1 revenue up 94% YoY to $193.4M, net loss down 41% to $14M, and forecasts core gross margin to shrink in Q2; CBRS drops 8%+ after hours</a></b></span>&nbsp; &mdash;&nbsp; - Cerebras reported financials for the first time since its IPO in May. &hellip; Cerebras said revenue almost doubled in the AI chipmaker's &hellip; </p>

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