Cerebras Systems Stock Drops Despite Raised Guidance

Cerebras Systems posts $180.1 million revenue, missing estimates Cerebras Systems Inc reported second-quarter revenue of $180.1 million, below the $194 million analyst estimate. The company's core revenue, excluding certain accounting adjustments, came in at $209.9 mi

Cerebras Systems posts $180.1 million revenue, missing estimates

Cerebras Systems Inc reported second-quarter revenue of $180.1 million, below the $194 million analyst estimate.

The company’s core revenue, excluding certain accounting adjustments, came in at $209.9 million, up 103% year-over-year.

Cerebras raised its full-year core revenue guidance to a range of $880 million to $890 million, above the $867.6 million estimate.

Leave a Reply

Your email address will not be published. Required fields are marked *