Cerebras Systems reports 74% revenue growth to $180.1 million in Q2, driven by AI inference demand and OpenAI collaboration.
Cerebras Systems (NASDAQ: CBRS) shares recovered after Wedbush Securities highlighted its role powering OpenAI’s ultrafast GPT-5.6 Sol model. The stock had fallen 16% post-earnings but remains 43% below its post-IPO high despite strong demand for its wafer-scale chips in AI inference tasks.
The company posted 74% year-over-year revenue growth in Q2, reaching $180.1 million. Gross margins improved as partnerships with AMD, OpenAI, and Amazon Web Services expand, with the AWS deal expected to launch early next year.
Cerebras’ wafer-scale chips, though premium-priced due to cooling and power requirements, offer speed advantages for AI workloads by consolidating multiple standard chips into a single large processor.