Chip firm Cerebras falls after Q1 results, fiscal 2026 forecasts
23/06/2026 22:18
BUZZ-Chip firm Cerebras falls after Q1 results, fiscal 2026 forecasts ** Shares of chip designer Cerebras Systems CBRS.O fall 7.8% to $209.70 in extended trading
** CBRS reports $193.4 million revenue for Q1, compared with $99.5 million reported in the same period a year ago
** Co says it expects fiscal 2026 rev to be $855 million to $865 million, up 69% Y/Y at the midpoint
** CBRS is focused on inference, the process by which AI systems respond to user queries, and has tied much of its growth to OpenAI, including a $20 billion multi-year deal under which the ChatGPT creator will deploy 750 megawatts of Cerebras chips
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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