Cerebras Systems Inc. · Q1 2026
ReportedJun 23, 2026
Period endedMar 31, 2026
Rule of 40+32
The quarter in short
Revenue $193M, up 94.4% year over year and 12.8% on the quarter. EPS −$0.22, up 52.2% year over year. Free cash flow −$120M, up 21.9% year over year. Rule of 40 score +32.
Reported this quarter
Revenue
$193M
QoQ +12.8%
YoY +94.4%
EPS
−$0.22
QoQ —
YoY +52.2%
Free Cash Flow
−$120M
QoQ —
YoY +21.9%
Gross Margin
44.6%
QoQ +3.6 pp
YoY +2.8 pp
FCF Margin
-61.9%
QoQ —
YoY +92.1 pp
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