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Cerebras falls 8% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras, an AI chipmaker, reported nearly double the revenue, reaching $99.5 million in Q1, but forecasts a decrease in gross margin from 46.5% to 36%-38% for Q2. The company reported a narrowed net loss compared to last year and significant revenue growth expectations for the year ahead. This mixed outlook led to an 8% decline in stock price following their IPO.
MonitorConfidence: MediumShort term horizon
Published 23 Jun 2026, 21:55 UTC1 min read
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Summary
TL;DR
- Cerebras' revenue rose 92% to $99.5 million year-over-year.
- Net loss was reduced to $14 million from $23.9 million.
- Forecasts indicate gross margin will shrink to 36%-38%.
- Company expects core revenue of $914 million for the year.
- Cerebras raised over $6 billion in its IPO, the most for a U.S. tech firm since Uber.
Interesting facts
- Cerebras went public at a price of $185, opening at $350.
- The stock has dropped 28% since its IPO closing at $226.72.
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