AI chipmaker Cerebras down 11% after first public earnings report
2026-06-23 23:01:08
Cerebras Systems (CBRS) fell 11% in after-hours trading after its first earnings report since its May IPO, as it guided to lower profit margins next quarter. According to CoinDesk, first-quarter revenue nearly doubled year over year to $193.4 million and adjusted net loss was $2.5 million versus analyst forecasts of $36.75 million. For the second quarter, Cerebras guided to $194 million of revenue and core gross margin of 36%-38%, down from 46.5% in the first quarter. The stock was last indicated at $201.55.
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