Cerebras Systems Inc. logo

Cerebras Systems Inc.

CBRS

NASDAQTechnologySemiconductors

Regular session

$189.37

−$6.7601 · -3.45%

Aug 24, 12:30 PM ET

CBRS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

54

Fair Value

Momentum

40

Weakening

Sentiment

60

Mixed

Risk resilience

42

Elevated Risk

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Company profile

Company website

Cerebras Systems Inc. is a leading innovator in artificial intelligence infrastructure. The company develops and manufactures an advanced AI compute platform, integrating proprietary hardware systems and software. This platform is delivered in rack-mountable units, suitable for deployment in data centers, scaling all the way up to supercomputer-level capabilities. At its core is the groundbreaking Wafer-Scale Engine (WSE), a unique chip that encompasses an entire silicon wafer. This innovation is specifically engineered to deliver superior performance and speed compared to conventional GPUs, addressing the intensive computational demands of inference, Generative AI, and a broad spectrum of other AI applications. Cerebras serves a diverse clientele, including leading hyperscalers, advanced foundation model laboratories, AI-native and digital-first businesses, large enterprises, and key players in Sovereign AI initiatives. With operations spanning the United States, Europe, the Middle East, Africa, and other international markets, Cerebras maintains a significant global footprint. The company was established in 2015 and is headquartered in Sunnyvale, California.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Andrew D. Feldman
Listed since
May 14, 2026
Employees
708

Market position

Day range

Current $189.37

52-week range

Current $189.37

Open
$190.24
Previous close
$196.13
Volume
3.2M
0.42× average
Average volume
7.71M
Average daily volume
Market cap
42.9B USD
Beta
1.85
Market reference 1
50-day average
$208.25
-9.07% below average
200-day average
$220.35
-14.06% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-58.06×
P/B (TTM)
3.12×
P/S (TTM)
63.02×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
34.83%
Operating margin
-81.17%
Net margin
-75.27%

Financial health

Debt / equity
0.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends124%-185%-494%-804%Gross margin, FY2022: 11.74%Gross margin, FY2023: 33.47%Gross margin, FY2024: 42.29%Gross margin, FY2025: 39.03%Operating margin, FY2022: -726.35%Operating margin, FY2023: -170.09%Operating margin, FY2024: -35.02%Operating margin, FY2025: -28.48%Net margin, FY2022: -721.88%Net margin, FY2023: -161.48%Net margin, FY2024: -165.93%Net margin, FY2025: 46.63%FY2022FY2023FY2024FY2025
Gross margin FY2022 11.74%. Gross margin FY2023 33.47%. Gross margin FY2024 42.29%. Gross margin FY2025 39.03%. Operating margin FY2022 -726.35%. Operating margin FY2023 -170.09%. Operating margin FY2024 -35.02%. Operating margin FY2025 -28.48%. Net margin FY2022 -721.88%. Net margin FY2023 -161.48%. Net margin FY2024 -165.93%. Net margin FY2025 46.63%.

Income trends

Revenue

509.99M USD+75.71%

Operating income

−145.25M USD-42.91%

Net income

237.83M USD+719.43M USD
Income trends across reported periods609.15M USD212.51M USD−184.12M USD−580.76M USDRevenue, FY2022: 24.62M USDRevenue, FY2023: 78.74M USDRevenue, FY2024: 290.25M USDRevenue, FY2025: 509.99M USDOperating income, FY2022: −178.82M USDOperating income, FY2023: −133.93M USDOperating income, FY2024: −101.64M USDOperating income, FY2025: −145.25M USDNet income, FY2022: −177.72M USDNet income, FY2023: −127.16M USDNet income, FY2024: −481.6M USDNet income, FY2025: 237.83M USDFY2022FY2023FY2024FY2025
Revenue FY2022 24.62M USD. Revenue FY2023 78.74M USD. Revenue FY2024 290.25M USD. Revenue FY2025 509.99M USD. Operating income FY2022 −178.82M USD. Operating income FY2023 −133.93M USD. Operating income FY2024 −101.64M USD. Operating income FY2025 −145.25M USD. Net income FY2022 −177.72M USD. Net income FY2023 −127.16M USD. Net income FY2024 −481.6M USD. Net income FY2025 237.83M USD.
Metric (USD)FY2025FY2024FY2023FY2022
Revenue509.99M USD290.25M USD78.74M USD24.62M USD
Cost of goods sold310.92M USD167.51M USD52.39M USD21.73M USD
Gross profit199.07M USD122.74M USD26.36M USD2.89M USD
Research and development243.32M USD158.23M USD140.06M USD155.41M USD
Selling, general, and administrative101.61M USD65.94M USD20.24M USD26.3M USD
Operating expenses344.33M USD224.38M USD160.29M USD181.71M USD
Interest income26.8M USD23.23M USD5.68M USD1.08M USD
Depreciation and amortization34.45M USD11.54M USD10.58M USD11.94M USD
Operating income−145.25M USD−101.64M USD−133.93M USD−178.82M USD
Net income237.83M USD−481.6M USD−127.16M USD−177.72M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
2 beats, 0 misses, 0 met estimates
Average EPS surprise
+76.13%
2 comparable reports
Latest EPS result
-0.04
Estimate -0.17 · Beat by 76.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.03-0.09-0.15-0.21Q2 '26BeatQ3 '26BeatQ4 '26Estimate
Q2 2026, reported Jun 23, 2026: actual -0.04, estimate -0.164, surprise +75.55%, Beat. Q3 2026, reported Aug 12, 2026: actual -0.04, estimate -0.172, surprise +76.71%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate -0.154, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates223.29M206.4M189.51M172.61MQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q2 2026, reported Jun 23, 2026: actual 191.35M USD, estimate 181.2M USD, surprise +5.60%, Beat. Q3 2026, reported Aug 12, 2026: actual 209.87M USD, estimate 190.58M USD, surprise +10.12%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 214.7M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$300.5

58.68% upside
Past 12 months12-month forecastHigh $330Average $300.5Low $279

Rating distribution

7 ratings
Strong buy00%
Buy7100%
Hold00%
Sell00%
Strong sell00%

CBRS peers

ETFs holding CBRS

Funds reporting this stock among their holdings, ordered by reported position size.

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