Cerebras Systems Inc. designs and develops processors for artificial intelligence (AI) training and inference in the United States, Europe, and Asia. The company is headquartered in Sunnyvale, California.
| Revenue (TTM) | $680.67M |
| Gross Profit (TTM) | $237.57M |
| EBITDA | $-484.79M |
| Operating Margin | -265.00% |
| Return on Equity | 18.80% |
| Return on Assets | -5.30% |
| Revenue/Share (TTM) | $8.40 |
| Book Value | $40.27 |
| Price-to-Book | 5.33 |
| Price-to-Sales (TTM) | 44.40 |
| EV/Revenue | 62.18 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 74.30% |
| Shares Outstanding | $112.25M |
| Float | $109.90M |
| % Insiders | 9.60% |
| % Institutions | 80.41% |
Volatility is currently expanding
CBRS stock plunges 25.3% in a month, but surging AI demand, a $25.4 billion backlog, and capacity expansion support growth despite margin pressures.
After a big first-day pop, this recently IPO's stock has dropped month after month. Recent news from a key partner suggests it's struggling to execute on its biggest opportunity.
Cerebras lost more than half its value from its first-day close, insiders cashed out hundreds of millions, and then OpenAI handed a marquee speed workload to a rival.
BigBear.ai secures long-term federal and defense contracts for its decision intelligence software. Cerebras Systems delivers rapid revenue growth through its proprietary wafer-scale AI infrastructure.
Cerebras Systems (CBRS) shares are extending losses on October 12th as investors continue to reassess the artificial intelligence (AI) infrastructure company's future prospects. CBRS is now trading at about half its price at the start of 2026, yet an illustrative discounted cash flow (DCF) analysis suggests it's still overvalued for risk-averse investors.
Cerebras' Wafer-Scale Engine combines computing, memory, and communication on one chip, aiming to speed up AI inference workloads significantly. OpenAI is deploying up to 750 megawatts of Cerebras compute through 2028, already powering GPT-5.6 Sol's faster Ultrafast mode.
Investors evaluating the artificial intelligence (AI) hardware sector often find themselves cornered into a single, dominant trade. Finding a credible, publicly traded alternative to established GPU leaders is a persistent challenge for investors seeking more exposure to AI infrastructure.
Cerebras is still a very early business, with an inference cloud that's barely two years old, a genuinely different chip, and OpenAI making up most of its backlog. Roughly 80-85% of the revenue consensus expected through mid-2028 is already signed, so the investment thesis is whether Cerebras can get the capacity built on time. Q4 core gross margin and the first 2027 guide are what I'm watching most, since they'll show whether all this new capacity is actually earning.
Cerebras shares are on the rise after a show of support from OpenAI CEO Sam Altman.
Cerebras Systems Inc (NASDAQ:CBRS) shares rose 11% in early morning trade on Monday after OpenAI chief executive Sam Altman reaffirmed the artificial intelligence (AI) chipmaker's importance to the AI company's infrastructure strategy. Altman described Cerebras as a “close partner” of OpenAI and said the companies have “a deep engagement pushing on the frontiers of speed”, addressing recent speculation about the relationship between the two companies.
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