Quarterly Earnings Performance
Note: Cerebras Systems was a private company throughout 2025 and IPO'd on Nasdaq on May 14, 2026. Financial data below is sourced from the S-1 prospectus (filed April 2026). Only Q4 2025 quarterly data was disclosed; Q1–Q3 2025 individual quarters are not broken out in available public filings.
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q1 2025 | Jan–Mar 2025 | — | — | — | — | — | Private; not publicly reported |
| Q2 2025 | Apr–Jun 2025 | — | — | — | — | — | Private; not publicly reported |
| Q3 2025 | Jul–Sep 2025 | — | — | — | — | — | Private; not publicly reported |
| Q4 2025 | Oct–Dec 2025 | — | $171.4M | +110% | — | — | S-1 disclosure; strong AI demand |
| FY2025 | Full Year | — | $510.0M | +76% | — | — | Swung to $88M net income; $363.5M one-off gain |
| Quarter | Est. Report Date | Est. Revenue | Est. EPS | Source |
|---|---|---|---|---|
| Q1 2026 | ~2026-08-01 | — (est.) | — (est.) | First public earnings post-IPO; date TBD |
Cerebras Systems debuted on Nasdaq on May 14, 2026 in one of the year's biggest IPOs, pricing at $185/share and closing up 68% on day one (~$311). The 2025 S-1 financials show $510M in revenue (+76% YoY) powered by a landmark $10B+ multi-year AI compute contract with OpenAI (750 MW of low-latency capacity). Q4 2025 alone was $171.4M (+110% YoY), showing accelerating momentum into year-end. Gross margin compressed to 39% from 42% due to higher data center costs — a key metric to watch. Q1 2026 will be the first publicly reported quarter as a public company; management flagged potential contra-revenue and warrant dilution headwinds beginning in 2026.
Generated: 2026-05-27