Cerebras Systems(NASDAQ) CBRS

Cerebras Systems Inc. builds the fastest computers in the world for artificial intelligence. These systems help researchers solve complex problems at high speeds. It makes the work of using AI tools nearly instant.

Clouds and Chips

• Cloud and other services: Computing capacity for AI training and answering questions, known as inference; accounts for 55.9% of revenue.
• Hardware solutions: Advanced computing systems and equipment sold for use in data centers; represents 44.1% of revenue.
• Wafer-Scale Engine: Proprietary processor that uses an entire silicon wafer to handle large-scale AI tasks.

Growing the AI Network

• Entered a relationship agreement with OpenAI in December 2025 to provide 750MW of AI compute capacity.
• Completed an initial public offering in May 2026, raising approximately $6.2 billion in net proceeds.
• Formed a hardware leasing partnership with Amazon Web Services in June 2026 for data center deployment.

Building a Faster Future

Cerebras maintains a unique position by offering the only commercialized wafer-scale processor currently available to customers. Its technology delivers superior performance for generative AI applications compared to standard graphics processing units.

Facts and Figures

• Total revenue rose 84% year over year to $373.5 million for the six months ended June 30, 2026.
• Cloud and other services revenue increased 232% to $208.8 million during the first half of 2026.
• The company reported a net loss of $450.5 million for the three months ended June 30, 2026.
• Cash, cash equivalents, and restricted cash totaled $7.4 billion as of June 30, 2026.
• Operating expenses reached $604.0 million during the first six months of 2026, largely due to stock-based compensation.

Bottom Line

Cerebras has moved from a hardware innovator to a public provider of high-speed AI cloud and infrastructure services. The company is now scaling through massive capacity agreements with major AI labs and cloud providers.