secwatch.observer — SEC 8-K summary
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Issuer:     Cerebras Systems Inc. (CBRS)
CIK:        0002021728
Form:       8-K
Filed at:   2026-06-23T20:43:37+00:00
Accession:  0001628280-26-044941
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2021728/000162828026044941/0001628280-26-044941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2021728/000162828026044941/cbrs-20260623.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-044941

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer