AI Chipmaker Cerebras Says Core Revenue Jumped 103% In Q2

Cerebras Systems (CBRS) reported a 103% jump in core revenue to $209.9 million for the second quarter, beating Wall Street's adjusted sales target, but the AI chipmaker lost $2.98 per share and its stock fell in extended trading. The Sunnyvale, Calif.-based company guided above views for the full year.

Cerebras Systems CBRS late Wednesday beat Wall Street's adjusted sales target for the second quarter and guided well above views for the full year. But Cerebras stock fell in extended trading. The Sunnyvale, Calif.-based maker of chips and infrastructure for artificial intelligence lost $2.98 a share on core sales of $209.9 million in the June quarter. In the second quarter… AI Chipmaker Cerebras Says Core Revenue Jumped 103% In Q2 Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8