---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-044941"
form_type: "8-K"
ticker: "CBRS"
cik: "0002021728"
company_name: "Cerebras Systems Inc."
filed_at: "2026-06-23T20:43:37+00:00"
generated_at: "2026-06-23T20:44:15.984199+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cerebras Q1 revenue $193.4M (+94% YoY); OpenAI deal >$20B, IPO raised $6.4B

## Summary
- GAAP revenue $193.4M (up 94% YoY); core revenue $191.3M (up 92% YoY). GAAP net loss $14.0M.
- Multi-year deal with OpenAI for 750MW valued >$20B; partnership with AWS for fast inference.
- Raised $6.4B in Q2 IPO (largest semiconductor IPO); closed $850M revolver.
- Q2 core revenue guidance ~$194M (+88% YoY); FY2026 core revenue guidance $855-865M (+69% YoY).
- Core gross margin 47%; core operating loss $3.5M.

## SEC filing metadata
- accession: 0001628280-26-044941
- form_type: 8-K
- ticker: CBRS
- cik: 0002021728
- company_name: Cerebras Systems Inc.
- filed_at: 2026-06-23T20:43:37+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2021728/000162828026044941/0001628280-26-044941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2021728/000162828026044941/cbrs-20260623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-044941
- JSON: https://secwatch.observer/filing/0001628280-26-044941.json
- Plain text: https://secwatch.observer/filing/0001628280-26-044941.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.