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Cerebras Systems vs Wolfspeed: CBRS and WOLF compared
Cerebras Systems is the larger company: $180M of revenue in its latest quarter (Q2 2026) against $155M for Wolfspeed (Q1 FY27). Cerebras Systems is growing faster (+74% against -21% a year earlier). Wolfspeed is more profitable, with an operating margin of -72.8% against -265.0%.
Where the money goes: CBRS and WOLF
Cerebras Systems (CBRS) · Q2 2026
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.
Wolfspeed (WOLF) · Q1 FY27
Wolfspeed, Q1 FY27: revenue $155M (-21% year over year), operating margin -72.8%, net loss $144M, operating cash flow −$84.2M. The chart follows the revenue to costs, profit and cash.
| Cerebras Systems (CBRS) | Wolfspeed (WOLF) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q1 FY27 |
| Revenue | $180M | $155M |
| Revenue growth, Y/Y | +74% | -21% |
| Operating margin | -265.0% | -72.8% |
| Net earnings | −$451M | −$144M |
| Net margin | -250.1% | -92.8% |
| Operating cash flow | −$59.8M | −$84.2M |
Where the revenue comes from
Cerebras Systems
- Service: $126M (70%)
- Product: $54.1M (30%)
Wolfspeed
- Power Products: $117M (75%)
- Materials Products: $38.2M (25%)
Questions
Which is bigger, Cerebras Systems or Wolfspeed?
Cerebras Systems is the larger company: $180M of revenue in its latest quarter (Q2 2026) against $155M for Wolfspeed (Q1 FY27).
Is Cerebras Systems or Wolfspeed growing faster?
Cerebras Systems is growing faster (+74% against -21% a year earlier).
Which is more profitable, Cerebras Systems or Wolfspeed?
Wolfspeed is more profitable, with an operating margin of -72.8% against -265.0%.
More: Cerebras Systems earnings · how Cerebras Systems makes money · Wolfspeed earnings · how Wolfspeed makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.