Cerebras falls 8% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras reported Q1 2026 revenue of $193.4 million, representing a 92% year-over-year increase. Despite this growth, shares fell after the company forecast lower gross margins for its core business. The company went public on the Nasdaq in May.
What changed
New data specifies Q1 2026 revenue at $193.4 million and confirms the May IPO date.
Live updates
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Cerebras Stock Drops Following First Public Earnings Report
confidence 90%Cerebras reported Q1 2026 revenue of $193.4 million, representing a 92% year-over-year increase. Despite this growth, shares fell after the company forecast lower gross margins for its core business. The company went public on the Nasdaq in May.
What's confirmed:
- Cerebras reported Q1 2026 revenue of $193.4 million.
- Quarterly revenue increased 92% compared to the previous year.
- Cerebras went public on the Nasdaq in May.
- The company forecast lower gross margins for its core business.
- Cerebras shares fell following the release of its first public earnings report.
Still unconfirmed:
- Cerebras stock fell 11% following the report.
- The CEO stated the margin outlook was misunderstood.
- Sales growth in the first quarter was 94%.
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Cerebras Reports 92% Revenue Growth in First Post-IPO Earnings
confidence 90%Cerebras exceeded its Q1 sales target and reported a 92% increase in quarterly revenue. Despite the growth, the company projects negative margins for the full year. The stock fell 8% following these forecasts.
What's confirmed:
- Cerebras reported 92% revenue growth in its first earnings report since its IPO.
- The company beat its Q1 sales target and provided higher guidance.
- Cerebras projects negative margins for the full year.
Still unconfirmed:
- Cerebras stock fell 8% after forecasting shrinking margins.
- Wedbush suggested the inaugural earnings had upside potential.