Cerebras Systems/$CBRS
1D1W1MYTD1Y5YMAX
Capital at risk
About Cerebras Systems
Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA.
- Ticker
- $CBRS
- Sector
- Semiconductors
- Primary listing
- NASDAQ
- Employees
- 708
- Headquarters
- Sunnyvale, United States
- Website
- www.cerebras.ai
Cerebras Systems Metrics
BasicAdvanced
$49B
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-$6.33
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Price and volume
Market cap
$49B
52-week high
$386.34
52-week low
$160.81
Average daily volume
7.4M
Financial strength
Current ratio
5.825
Quick ratio
5.137
Long term debt to equity
0.072
Total debt to equity
0.162
Interest coverage (TTM)
-14.31%
Profitability
EBITDA (TTM)
-484.79
Gross margin (TTM)
34.90%
Net profit margin (TTM)
-75.27%
Operating margin (TTM)
-81.17%
Effective tax rate (TTM)
-1.08%
Revenue per employee (TTM)
$960,000
Management effectiveness
Valuation
Price to revenue (TTM)
24.563
Price to book
5.13
Price to tangible book (TTM)
5.13
Price to free cash flow (TTM)
-24.58
Free cash flow yield (TTM)
-4.07%
Free cash flow per share (TTM)
-8.398
Growth
Revenue change (TTM)
90.83%
Earnings per share change (TTM)
6.36%
What the Analysts think about Cerebras Systems
Analyst ratings (Buy, Hold, Sell) for Cerebras Systems stock.
Analyst projections of the future price of Cerebras Systems stock.
Bulls say / Bears say
Growth is accelerating and shifting towards cloud services. Q2 core revenue rose 103% year on year to $209.9 million, core cloud and services revenue increased 287%, and Cerebras raised its 2026 core revenue forecast to $880 million-$890 million. (GlobeNewswire)
Demand has substantial contracted visibility if Cerebras can deliver the infrastructure. Remaining performance obligations reached $25.4 billion, including a 750-megawatt OpenAI commitment, while more than 600 megawatts of data-centre capacity was live or under contract and manufacturing capacity was due to expand more than tenfold in 2026. (GlobeNewswire)
Cerebras is widening its route into the inference market rather than relying only on standalone systems. Its AMD partnership combines AMD’s high-throughput GPUs with Cerebras’ low-latency wafer-scale chips, with the joint solution planned for Cerebras Cloud in the second half of 2026. (AMD Investor Relations)
Cerebras remains loss-making and capital-intensive. Q2 GAAP revenue missed expectations, adjusted gross margin fell to 40.6% from 46.5% in Q1 because it had to rent computing capacity, and Q3 core operating margin is forecast at negative 25% to negative 23%. (Reuters)
Customer concentration remains a major risk. Three customers accounted for 34%, 32% and 10% of Q2 revenue, while a large part of the $25.4 billion RPO is tied to OpenAI, so a delay or renegotiation by a key customer could materially slow growth. (Yahoo Finance)
The valuation still assumes years of exceptional execution. Even after the share-price fall, Cerebras was valued at about 145 times next year’s estimated earnings while its core operating margin remained negative, leaving little protection if backlog conversion or profitability slips. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
Cerebras Systems Financial Performance
Revenues and expenses
Cerebras Systems Earnings Performance
Company profitability
Upcoming events
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Cerebras Systems News
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