CBRS Misses

Cerebras Systems Inc.  (NASDAQ: CBRS ) posted its first-quarter results after Tuesday’s closing bell.

Shares fell despite beats on both the top and bottom lines.

Here’s a look at the details inside the report.  CBRS stock is moving.

Watch the price action here.

Cerebras Q1 Details Cerebras Systems reported quarterly losses of four cents per share, which beat the analyst estimate for a loss of 16 cents, according to Benzinga Pro data.   Quarterly revenue clocked in at $193.41 million, which beat the Street estimate of $181.59 million by 6.5%.

Cerebras reported the following core (Non-GAAP) first-quarter figures: Core total revenue of $191.3 million, up 12% sequentially and up 92% year-over-year.

Core hardware revenue of $111.6 million, up 60% year-over-year.

Core cloud and other services revenue of $79.8 million, up 167% year-over-year.

Core gross margin of 47% Core hardware gross margins of 42% Core cloud and other services gross margins of 53% “This was an outstanding start to 2026 for Cerebras.

And we are proud of our achievements," said Andrew Feldman , Cerebras CEO. "AI has moved from being a novelty to being useful and productive.

Cerebras’ wafer-scale technology delivers the fastest AI in the world,” Feldman added.

Read Also: SpaceX Stock Selloff Is Not Your Chance To FOMO In, Expert Says Looking Ahead Cerebras System expects fiscal year core revenue of $855 million to $865 million, up 69% year-over-year at the midpoint and core gross margin in the range of 38% to 41%.

CBRS Stock Price Activity: According to data from Benzinga Pro , Cerebras stock was down 7.37% to $210 in Tuesday’s extended trading.   Photo: Shutterstock