Cerebras Earnings Snapshot
Cerebras reported an adjusted loss of 4.5 cents per share, narrower than the analyst estimate for a loss of 17 cents per share.
Meanwhile, sales of $180.11 million fell short of the $194.20 million consensus estimate.
Core revenue reached a record $209.9 million, up 103% year over year and above the company’s guidance. Core gross and operating margins also exceeded expectations.
The company’s core gross margin expanded 940 basis points year over year to 40.6%. Cloud and other services gross margin increased 1,600 basis points to 41.8%, while hardware gross margin improved 510 basis points to 38.8%.
