Sunnyvale, 13 August 2026 – Cerebras Systems raised its full-year revenue and margin outlook as demand for artificial-intelligence computing accelerated, but a quarterly sales miss and weaker gross margin triggered a sharp after-hours sell-off and renewed questions about the economics of scaling its alternative chip architecture.
Second-quarter revenue increased 74.3% from a year earlier to US$180.11 million, below the US$194.23 million expected by analysts. The adjusted loss narrowed to US$6.91 million from US$40.5 million a year earlier, demonstrating improved operating leverage even as the top-line shortfall disappointed a market that had priced in rapid execution.
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