📰 CBRS: Cerebras Raises 2026 Revenue and Margin Targets on AI Chip Demand

News: Reuters

Ticker: CBRS | Score: 9/10 | Sentiment: Positive

Summary (Wiseek AI)

Cerebras raised its 2026 adjusted revenue guidance to $880M-$890M from $855M-$865M and gross margin to 41%-43% from 38%-41%, driven by strong AI chip demand. Q2 revenue rose 74.3% to $180.11M, with adjusted loss narrowing to $6.91M from $40.5M a year ago. Core cloud and services revenue nearly quadrupled to $127.73M, reflecting the OpenAI ramp. Management plans to more than triple revenue in 2027, backed by $25.4B in remaining performance obligations. This follows the $20B OpenAI deal and AWS partnership announced in June, and the guidance raise signals accelerating execution against that backlog. The stock is likely to react positively to the raised outlook and narrowing losses.

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