Cerebras Systems Past Earnings Performance

Past criteria checks 2/6

Cerebras Systems has been growing earnings at an average annual rate of 25.6%, while the Semiconductor industry saw earnings growing at 3.6% annually. Revenues have been growing at an average rate of 87.8% per year. Cerebras Systems's return on equity is 9%, and it has net margins of 16.2%.

Key information

25.57%

Earnings growth rate

28.25%

EPS growth rate

Semiconductor Industry Growth	27.66%
Revenue growth rate	87.80%
Return on equity	9.00%
Net Margin	16.18%
Last Earnings Update	31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • 18h

Cerebras: Gets Appealing Below IPO Price

Summary Cerebras Systems has retraced to below the recent IPO price after initial post-listing excitement faded on disappointing Q1 results and margin compression. CBRS faces near-term growth stagnation and margin pressure, but long-term prospects hinge on ramping OpenAI and AWS deals and broader fast inference AI demand. Concentration risk is shifting from UAE customers to a $20B+ OpenAI commitment, with AWS's contract reducing risk but lacking disclosed financial details. At an EV/S of 6x 2028 estimates and a 50% drawdown from highs, CBRS offers a more compelling long-term entry point, though near-term volatility persists. Read the full article on Seeking Alpha

New Narrative • Jun 25

Fast AI Inference And Data Center Expansion Will Support Long Term Earnings Power

Catalysts About Cerebras Systems Cerebras Systems builds wafer scale AI accelerators and operates an AI inference cloud focused on high speed token generation. What are the underlying business or industry changes driving this perspective?

New Narrative • Jun 22

The Wafer Giant Threatening NVIDIA's GPU Hegemony

Summary The Blockbuster Debut: Cerebras went public on May 14, 2026, pricing at $185 per share (well above expectations) and raising $5.55 billion in a heavily oversubscribed IPO. The Hardware Revolution: Its flagship Wafer-Scale Engine 3 (WSE-3) is a single, massive silicon wafer that destroys the traditional "memory wall" throttling standard GPU clusters.

Revenue & Expenses Breakdown

How Cerebras Systems makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:CBRS Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Mar 26	604	98	110	266
31 Dec 25	510	88	102	243
31 Mar 25	322	-475	73	172
31 Dec 24	290	-485	66	158
30 Jun 24	206	-116	31	142
31 Mar 24	143	-122	26	141
31 Dec 23	79	-127	20	140
31 Dec 22	25	-178	26	155

Quality Earnings: CBRS has a large one-off gain of $363.5M impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: CBRS became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CBRS has become profitable over the past 5 years, growing earnings by 25.6% per year.

Accelerating Growth: CBRS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CBRS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (22.6%).

Return on Equity

High ROE: CBRS's Return on Equity (9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/29 08:34
End of Day Share Price	2026/06/26 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cerebras Systems Inc. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Thomas O'Malley	Barclays
Atif Malik	Citigroup Inc
Richard Shannon	Craig-Hallum Capital Group LLC