Cerebras Q1 FY26 operating loss narrows to $15.04 million; revenue more than doubled to $193.41 million

Cerebras Systems

CBRS

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Cerebras posted Q1 revenue of USD 193.41 million, up 94% year over year.
Net loss narrowed to USD 14.01 million from USD 23.87 million a year earlier.
Gross margin rose 2.8 percentage points to 44.6%.
Cloud and other services revenue more than doubled to USD 82.81 million, helped by USD 4.11 million of pass-through data center revenue.
Entered a master relationship agreement with OpenAI for 750MW of AI inference capacity, with deployments expected in tranches during 2026-2028.

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