Filing Flows › Cerebras Systems (CBRS) › Q2 2026 › vs Q2 2025
Cerebras Systems (CBRS) Q2 2026 vs Q2 2025 (year over year)
Cerebras Systems's revenue rose $76.8M (+74%) from $103M in Q2 2025 to $180M in Q2 2026. The biggest changes: Service +$93.0M (+281%); Product −$16.2M (-23%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service | $126M | $33.0M | $93.0M | +281% |
| Product | $54.1M | $70.3M | −$16.2M | -23% |
| Revenue | $180M | $103M | $76.8M | +74% |
| Other income, net | $27.0M | $368M | −$341M | -93% |
| Net loss | $451M | −$310M | $760M | — |
| Costs & expenses | $658M | $472M | $186M | +39% |
| Operating costs | $657M | $161M | $497M | +310% |
| Income tax | $274K | $1.7M | −$1.4M | -84% |
| Cost of revenue | $155M | $71.2M | $83.3M | +117% |
| Research & development | $320M | $60.8M | $259M | +427% |
| Sales & marketing | $87.0M | $18.2M | $68.7M | +377% |
| General & admin | $95.7M | $10.3M | $85.4M | +830% |
| Operating cash sources | $461M | $87.6M | $374M | +427% |
| Depreciation | $24.4M | $5.4M | $19.0M | +351% |
| Share-based compensation | $377M | $13.3M | $364M | 28× |
| Cash used in operations | $59.8M | $68.9M | −$9.1M | -13% |
| Net loss absorbed | $451M | −$310M | $760M | — |
| Working capital & other | $10.7M | $397M | −$386M | -97% |
Questions
How much did Cerebras Systems's revenue grow year over year in Q2 2026?
Cerebras Systems's revenue rose $76.8M (+74%) from $103M in Q2 2025 to $180M in Q2 2026.
What drove Cerebras Systems's revenue change in Q2 2026?
Service +$93.0M (+281%); Product −$16.2M (-23%).