Cerebras Systems stock (NASDAQ: CBRS) whipsawed on Wednesday after investors cheered the Nvidia challenger before earnings, then punished it once the numbers arrived. The stock jumped 11.6% during the regular session to $262.06, only to fall about 18% in extended trading.
The semiconductor company reported a quarterly loss of $450.5 million, compared with a profit of $309.5 million a year earlier.
Cerebras Systems beat Wall Street's adjusted sales target for the second quarter and guided well above views for the full year.
Cerebras Systems raised its full-year guidance. It's the chipmaker's second earnings report following its IPO in May.
Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.
GAAP cloud revenue grew 281%, core cloud revenue grew 287% from a year ago 600 MW of data center capacity now under contract Manufacturing capacity to scale more than 10x in 2026 OpenAI launch partner for frontier model GPT-5.6 Sol Partnerships with AMD and AWS establish Cerebras as the leader in disaggregated inference SUNNYVALE, Calif., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Cerebras Systems (NASD...
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