Filing Flows › Cerebras Systems (CBRS) › Q2 2026
Cerebras Systems (CBRS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 12, 2026
Cerebras Systems (CBRS) reported revenue of $180M for the second quarter 2026 (Q2 2026), +74% from a year earlier and -7% from the quarter before. Operating margin was -265.0%, net loss $451M (250.1% of revenue).
Cerebras Systems, Q2 2026: revenue $180M (+74% year over year), operating margin -265.0%, net loss $451M, operating cash flow −$59.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | -7% | +74% |
| Operating profit | −$477M | — | — |
| Net earnings | −$451M | — | — |
| Operating cash flow | −$59.8M | -585% | — |
What changed
Revenue was $180.1M in Q2 2026, up 74% year over year and down 7% from the previous quarter. Service was the largest line at 70% of revenue. Service added $93.0M year over year (up 281%), 121% of the total change. Product declined 23%.
Gross margin was 14.2%, down 16.9 points from a year earlier. Operating costs exceeded revenue by $477.2M, an operating margin of -265.0%. Operating expenses grew 463% against revenue growth of 74%. The fastest-growing cost line was General & admin (+830%). The quarter ended with a net loss of $450.5M, wider than the previous quarter's $14.0M loss.
Operating cash flow was −$59.8M. Non-cash charges added back $24.4M of depreciation and $377.0M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $416.9M exceeded it, leaving free cash flow of −$476.7M.
Questions
What was Cerebras Systems' revenue in the second quarter 2026?
Cerebras Systems (CBRS) reported revenue of $180M for the second quarter 2026 (Q2 2026), +74% from a year earlier and -7% from the quarter before.
Was Cerebras Systems profitable in the second quarter 2026?
Operating loss was $477M (-265.0% of revenue) and net loss $451M.
Source: Cerebras Systems 10-Q on SEC EDGAR.