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Cerebras Q1 DetailsCerebras 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.