Cerebras Systems (CBRS) Reports Strong Growth Following Multi-Year OpenAI Partnership

Sheryar Siddiq

Wed, July 1, 2026 astatine 10:58 AM CDT 2 min read

Cerebras Systems Inc. (NASDAQ:CBRS) ranks among the AI stocks beyond NVIDIA that could surge successful 2026. On June 23, Cerebras Systems Inc. (NASDAQ:CBRS) disclosed first-quarter 2026 results, with a GAAP gross of $193.4 million, rising 94% year-over-year and 13% sequentially. Hardware gross came successful astatine $110.6 million, jumping 59% year-over-year, portion unreality and different services gross accrued 178% to $82.8 million. At the aforesaid time, the institution posted a GAAP operating nonaccomplishment of $15 cardinal with a nett nonaccomplishment of $14 million.

Looking ahead, Cerebras Systems Inc. (NASDAQ:CBRS) expects halfway gross of astir $194 cardinal successful the 2nd 4th of 2026, an 88% summation implicit the erstwhile year. For the afloat twelvemonth 2026, the institution predicted halfway gross of astir $855 cardinal to $865 million, reflecting astir 69% maturation year-over-year astatine the midrange.

Notably, Cerebras Systems Inc. (NASDAQ:CBRS) signed a multi-year concern with OpenAI for much than $20 billion, whereby OpenAI volition instal 750 megawatts of Cerebras inference compute implicit a fig of years. The 2 companies besides jointly launched Codex-Spark, a coding framework.

Cerebras Systems Inc. (NASDAQ:CBRS) is headquartered successful Sunnyvale, California, and was founded successful 2015. The institution designs and manufactures wafer-scale processors and AI supercomputers engineered to accelerate some grooming and inference workloads for artificial quality applications crossed endeavor and probe environments.

While we admit the imaginable of CBRS arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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