AI chipmaker Cerebras Systems reports stronger-than-expected Q1 revenue growth of 94.4% year-over-year and a smaller loss per share.
Cerebras Systems Inc. reported first-quarter revenue of $193.41 million, up 94.4% from a year earlier and $12.57 million above estimates. The company’s GAAP loss per share narrowed to -$0.22, beating expectations by $0.07.
The results reflect accelerating demand for AI infrastructure, with revenue nearly doubling year-over-year. Analysts had anticipated a wider loss and slightly lower sales for the quarter.
For Q2 2026, Cerebras projects core revenue of approximately $194.0 million, an 88% increase from the same period last year, signaling continued growth momentum.