Cerebras Systems posted stronger-than-expected results for its second fiscal quarter of 2026, reporting $210 million in core revenue and raising guidance for both Q3 and the full year. The print arrived after the market closed on August 12, clearing the approximately $194 million that analysts had penciled in and extending what has been a remarkably consistent upward revision cycle since the company’s IPO earlier this year.
Wall Street had expected roughly 88% year-over-year core revenue growth heading into the print.
Where the numbers stand
Cerebras reported Q1 2026 total revenue of $193.4 million, up 94% year over year, with core revenue of $191.3 million, up 92% year over year. The Q2 result of $210 million in core revenue represents sequential growth on top of an already strong prior quarter.
The full-year 2026 core revenue guidance, which stood at $855 million to $865 million heading into this print, has now been revised upward. The prior midpoint of roughly $860 million already implied approximately 69% year-over-year growth.
