Cerebras fast inference cloud business nearly quadruples Q2; positioned to own fast inference market segment.

Cerebras Systems reported exceptional financial performance in the second quarter of 2026, with core revenue exceeding $210 million and its fast inference cloud business nearly quadrupling year-over-year. Andrew Feldman, Cerebras co-founder and CEO, highlighted the company's momentum: "This was an outstanding quarter for Cerebras. Core revenue more than doubled to $210 million, and our cloud business nearly quadrupled year-over-year. Speed changes what AI can do. It makes AI more useful, more productive, and opens entirely new markets. As a result, the demand for fast inference is enormous and Cerebras is scaling to meet it, securing more data center capacity, expanding manufacturing, and growing with customers and partners including OpenAI, AWS, AMD, and CrowdStrike."

The company exceeded guidance across all core business metrics. CFO Bob Komin noted significant margin improvements: "Our quarterly results exceeded our guidance across all core business metrics. The market has responded strongly to the value of fast inference. We significantly improved core gross and operating margins compared to a year ago. We have made rapid progress in key areas required to deliver exceptional growth against our remaining performance obligations of $25.4 billion, and plan to more than triple revenue in 2027."

Core financial results exclude the impacts of non-cash amortization of customer warrants and stock-based compensation, data center pass-through revenues and costs, and certain other items. The company has raised its core non-GAAP financial outlook for all metrics.

Cerebras Systems (NASDAQ: CBRS) builds what it describes as the world's fastest AI infrastructure. The company's team of computer architects, computer scientists, AI researchers, and engineers has focused on making AI processing blisteringly fast through innovation and invention. Leading global corporations, research institutes, and governments deploy Cerebras solutions for their AI workloads, available both on premises and in the cloud.

The company held a conference call on August 13, 2026 at 2 p.m. PT to discuss Q2 2026 results and financial outlook, with a webcast accessible at investors.cerebras.ai.

Cerebras's forward-looking statements regarding revenue growth, customer demand, timing and execution of customer and partner arrangements, data center capacity expansion, manufacturing capacity, remaining performance obligations, industry-leading inference architecture capabilities, and expansion into new industries are subject to risks and uncertainties. These include the company's ability to sustain growth and maintain profitability despite its history of net losses, dependence on a limited number of significant customers including OpenAI, Group 42 Holding Ltd, Mohamed bin Zayed University of Artificial Intelligence, and AWS, ability to secure sufficient data center capacity, and ability to compete in the rapidly evolving AI computing market. Cerebras's actual results could differ materially from forward-looking statements. The company undertakes no obligation to update forward-looking statements except as required by law. Further information on potential risks is available in Cerebras's SEC filings, including its most recent Form 10-Q, accessible at investors.cerebras.ai and www.sec.gov.