AI chipmaker Cerebras down 11% after first public earnings report

Markets AI chipmaker Cerebras down 11% after first public earnings report While revenue was up 92% from year-ago levels, the company forecasted a lower core gross margin next quarter. By James Van Straten | Edited by Stephen Alpher Jun 23, 2026, 10:58 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on CBRS (TradingView) In its first earnings report since its May IPO, Cerebras Systems (CBRS) is lower by 11% in after-hours trading after guiding to lower profit margins next quarter. First-quarter revenue nearly doubled from the year-ago level to $193.4 million, and the company's adjusted net loss of $2.5 million beat analyst forecasts of $36.75 million. For the second quarter, the company guided to revenue of $194 million, but investors, for now, appear focused on core gross margin — the company expects 36%-38% in the second quarter versus 46.5% in the first. Cerebras raised $6 billion in a May IPO priced at $185 per share. The stock soared as high as $385 shortly after going public, but has since retreated. It's down another 11% in after-hours trading at $201.55. Artificial Intelligence Latest Crypto News 1 Crypto critic Roubini joins tokenization boom with onchain 'Technodollar' 1 hour ago 2 Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT 5 hours ago 3 BNY sees 'FOMO' driving asset managers into tokenized funds 6 hours ago 4 Chainlink teams up with 47 South Korean, European banks to speed up international money transfers 7 hours ago 5 Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset 7 hours ago 6 Bitcoin's recent drop below $60,000 signals Fed, ETF and AI pressures: Deutsche Bank 8 hours ago 7 The SEC delayed tokenizing stocks, and here’s why that’s a relief 8 hours ago 8 Ethereum Foundation cuts 20% of staff amid leadership exodus 9 hours ago 9 Bitcoin may need to plunge 15% or more to mark bottom, according to this long-time indicator 9 hours ago 10 Former Robinhood Crypto COO Tanya Denisova joins stablecoin issuer Agora as head of operations 9 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Meta is developing a prediction market app called ‘Arena’ as sector booms: NYT BNY sees 'FOMO' driving asset managers into tokenized funds Chainlink teams up with 47 South Korean, European banks to speed up international money transfers