Cerebras Q2 FY26 operating loss widens to 477.23 million; revenue rises 74% to 180.11 million
Reuters2026/08/12 20:12- Cerebras posted Q2 GAAP revenue of $180.1 million, up 74% year over year; GAAP cloud and services revenue jumped to $126 million.
- Net loss attributable to common shareholders widened to $450.53 million, versus net income a year earlier; basic loss per share was $2.98.
- GAAP gross margin fell to 14%, down 16.9 percentage points; GAAP operating margin worsened to -265%, down 210 percentage points.
- Core non-GAAP revenue more than doubled to $209.9 million; core gross margin rose to 41%, up about 9.4 percentage points.
- Data center capacity under contract topped 600 MW; manufacturing capacity is set to scale more than 10x in 2026.
- Outlook calls for Q3 core revenue of $214-$216 million; full-year core revenue guidance was raised to $880-$890 million.
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