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Cerebras stock plunges 14% after second earnings report following IPO
Cerebras Systems reported a 14% decline in stock value following its second earnings report since going public in May. The company raised its revenue guidance but reported a significant net loss due largely to stock-compensation expenses. Despite market volatility, CEO Andrew Feldman emphasized strong AI demand for their chips, positioning the company for future growth in revenue and gross margins.
MonitorConfidence: MediumShort term horizon
Published 12 Aug 2026, 20:55 UTC2 min read
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Summary
TL;DR
- Cerebras raised full-year core revenue guidance to $880-$890 million.
- Reported a GAAP revenue of $180.1 million for Q2.
- The net loss was $450.5 million, up from a profit of $309.5 million a year earlier.
- CEO indicates high AI demand for Cerebras chips.
- Cerebras stock peaked at $262.06 post-IPO, now 42% higher from the IPO price.
Interesting facts
- Cerebras's stock was priced at $185 during its IPO and has since risen.
- The company anticipates tripling its revenue in the next fiscal year.
- Cerebras has $25.4 billion in remaining performance obligations.