Cerebras Systems just posted its second quarter as a public company, and the numbers suggest the AI chip upstart is growing at a pace that would make even Nvidia do a double-take.
The company reported Q2 2026 core revenue of roughly $210 million, representing more than 100% year-over-year growth. CEO Andrew Feldman told investors that core revenue should more than triple in 2027, backed by $25.4 billion in performance obligations already on the books.
The numbers behind the confidence
GAAP revenue for the quarter came in at $180.1 million, a figure that trails core revenue because of how long-term contract accounting works.
On the strength of these results, Cerebras raised its full-year 2026 revenue guidance to a range of $880 million to $890 million.
