Filing Flows › Cerebras Systems (CBRS) › Q2 2026 › vs Q1 2026
Cerebras Systems (CBRS) Q2 2026 vs Q1 2026 (quarter over quarter)
Cerebras Systems's revenue fell $13.3M (-7%) from $193M in Q1 2026 to $180M in Q2 2026. The biggest changes: Product −$56.5M (-51%); Service +$43.2M (+52%).
Cerebras Systems, Q2 2026: revenue $180M (+74% year over year), operating margin -265.0%, net loss $451M, operating cash flow −$59.8M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service | $126M | $82.8M | $43.2M | +52% |
| Product | $54.1M | $111M | −$56.5M | -51% |
| Revenue | $180M | $193M | −$13.3M | -7% |
| Other income, net | $27.0M | $2.5M | $24.5M | +967% |
| Net loss | $451M | $14.0M | $437M | 32× |
| Costs & expenses | $658M | $210M | $448M | +213% |
| Operating costs | $657M | $208M | $449M | +215% |
| Income tax | $274K | $1.5M | −$1.2M | -82% |
| Cost of revenue | $155M | $107M | $47.3M | +44% |
| Research & development | $320M | $75.5M | $245M | +324% |
| Sales & marketing | $87.0M | $14.7M | $72.3M | +492% |
| General & admin | $95.7M | $11.0M | $84.7M | +768% |
| Operating cash sources | $461M | $15.4M | $446M | 30× |
| Depreciation | $24.4M | $18.2M | $6.2M | +34% |
| Share-based compensation | $377M | $9.6M | $367M | 39× |
| Cash used in operations | $59.8M | −$12.3M | $72.2M | — |
| Net loss absorbed | $451M | $14.0M | $437M | 32× |
| Working capital & other | $10.7M | $1.4M | $9.3M | +648% |
Questions
How much did Cerebras Systems's revenue grow quarter over quarter in Q2 2026?
Cerebras Systems's revenue fell $13.3M (-7%) from $193M in Q1 2026 to $180M in Q2 2026.
What drove Cerebras Systems's revenue change in Q2 2026?
Product −$56.5M (-51%); Service +$43.2M (+52%).