Cerebras Systems Past Earnings Performance
Past criteria checks 2/6
Cerebras Systems has been growing earnings at an average annual rate of 25.6%, while the Semiconductor industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 87.8% per year. Cerebras Systems's return on equity is 9%, and it has net margins of 16.2%.
Key information
25.57%
Earnings growth rate
28.25%
EPS growth rate
| Semiconductor Industry Growth | 27.66% |
| Revenue growth rate | 87.80% |
| Return on equity | 9.00% |
| Net Margin | 16.18% |
| Next Earnings Update | 12 Aug 2026 |
Recent past performance updates
Recent updates
Cerebras: Strong Potential, But The Risk/Reward Doesn't Add Up
Summary Cerebras Systems is initiated at a sell rating due to extreme valuation despite innovative AI hardware and strong partnerships. Q1 results showed robust 94% YoY revenue growth, expanding gross margins, and a swing to positive adjusted EBITDA, but guidance signals decelerating growth and margin pressure. Cerebras secured a $20B multiyear deal with OpenAI and is collaborating with AWS, positioning itself as a credible challenger to NVIDIA in AI compute. Despite ambitious international expansion and manufacturing scale-up, the forward P/S of 53.73 makes the risk/reward unattractive for new entry. Read the full article on Seeking Alpha
CBRS: Fast Inference Contracts With OpenAI And AWS Will Drive Upside
The analyst price target for Cerebras Systems is updated to about $291 from about $299, as analysts weigh the recent post-IPO earnings beat, new coverage with both Buy and Hold ratings, and the balance of strong fast inference demand against operational and execution risks. Analyst Commentary Analyst commentary on Cerebras Systems centers on its wafer scale AI hardware, fast inference focus and large customer commitments, with views split between enthusiasm for the growth potential and caution around execution and valuation risks after recent volatility.Fast AI Inference And Data Center Expansion Will Support Long Term Earnings Power
Catalysts About Cerebras Systems Cerebras Systems builds wafer scale AI accelerators and operates an AI inference cloud focused on high speed token generation. What are the underlying business or industry changes driving this perspective?
The Wafer Giant Threatening NVIDIA's GPU Hegemony
Summary The Blockbuster Debut: Cerebras went public on May 14, 2026, pricing at $185 per share (well above expectations) and raising $5.55 billion in a heavily oversubscribed IPO. The Hardware Revolution: Its flagship Wafer-Scale Engine 3 (WSE-3) is a single, massive silicon wafer that destroys the traditional "memory wall" throttling standard GPU clusters.Revenue & Expenses Breakdown
How Cerebras Systems makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 604 | 98 | 110 | 266 |
| 31 Dec 25 | 510 | 88 | 102 | 243 |
| 31 Mar 25 | 322 | -475 | 73 | 172 |
| 31 Dec 24 | 290 | -485 | 66 | 158 |
| 30 Jun 24 | 206 | -116 | 31 | 142 |
| 31 Mar 24 | 143 | -122 | 26 | 141 |
| 31 Dec 23 | 79 | -127 | 20 | 140 |
| 31 Dec 22 | 25 | -178 | 26 | 155 |
Quality Earnings: CBRS has a large one-off gain of $363.5M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: CBRS became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CBRS has become profitable over the past 5 years, growing earnings by 25.6% per year.
Accelerating Growth: CBRS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CBRS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (24.5%).
Return on Equity
High ROE: CBRS's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/26 03:07 |
| End of Day Share Price | 2026/07/24 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cerebras Systems Inc. is covered by 11 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas O'Malley | Barclays |
| Atif Malik | Citigroup Inc |
| Richard Shannon | Craig-Hallum Capital Group LLC |