Cerebras reports Q2 2026 earnings with $210M core revenue, raises FY26 guidance

Cerebras stock plunges 14% after second earnings report following IPO

Cerebras raised FY guidance to $880-890M core revenue on fast-inference demand, despite Q2 miss ($210M vs $212.6M expected). Gross margins expanding to 38-40% and $25.4B backlog indicate sustained GPU alternative for low-latency inference, reshaping enterprise datacenter capex.