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Form 8-K · Current Report · Filed 2026-06-23

Cerebras Systems Reports Strong Q1 2026 Financial Results and Strategic Partnerships

Cerebras Systems Inc. announced its financial results for the first quarter of fiscal 2026, reporting GAAP revenue of $193.4 million, a 94% increase year-over-year. The company also announced a multi-year deal with OpenAI valued at over $20 billion and a partnership with AWS to bring fast inference to AWS. Cerebras also raised $6.4 billion in Q2, marking the largest semiconductor IPO of all time. The company expects core revenue for Q2 2026 to be approximately $194.0 million, up 88% year-over-year.

Filer
CBRS CBRS
Filed
Accession
0001628280-26-044941
CIK
0002021728
Signal
Medium impact

Items reported

Item events

Reported Item

Earnings Beat Strategic Partnership Financial Instrument Agreement New Debt Issued

Market reaction

Close before filing

$224.43

Next session

-18.8%

Since filing

-11.5%

Latest close

$198.71

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CBRS reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, CBRS insiders reported 383 Form 4 transactions — net selling of $152.7M.

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