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Why is CBRS down 11.74%?
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CBRS:NASDAQ
Cerebras Systems Inc
$96.36
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-11.74%(-12.82) 1D
$96.58
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+0.23% (+0.22)bedtimeAfter hours
Closed: Nov 2, 4:00:02 PM GMT-5 · USD
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| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for CBRS...
Open
$106.81
High
$106.81
Low
$95.03
Mkt. cap
22.89B
Avg. vol.
9.81M
Volume
13.28M
52-wk high
$385.00
52-wk low
$95.03
No. of employees
784
Open
$106.81
High
$106.81
Low
$95.03
Mkt. cap
22.89B
Avg. vol.
9.81M
Volume
13.28M
52-wk high
$385.00
52-wk low
$95.03
No. of employees
784
News stories
From web sources and news partners
The National Law Review
·
3 hours ago
CBRS Investigation: Cerebras Systems Investors with Significant Losses Should Contact Block & Leviton LLP
Benzinga
·
5 hours ago
Cerebras Stock Hits All-Time Low: What's Happening?
Yahoo Finance
·
7 hours ago
Why Cerebras Systems Stock Is Plummeting Today
StreetInsider
·
10 hours ago
Cerebras shares fall as UBS cuts price target
Profile
Cerebras Systems Inc., headquartered in Sunnyvale, California, develops semiconductors, supercomputers, and related software to power artificial intelligence deep-learning applications such as inference engines. Products include its wafer scale engine-3 semiconductors, its CS-3 supercomputers, and its "AI inference cloud" and "AI training cloud" APIs, which allow users to access the company's computing power without buying its hardware. The company also builds data centers using its processors and supercomputers to provide cloud computing services directly to clients.
Measuring 215 mm squared, the company's WSE-3 semiconductors are currently the largest AI semiconductors ever built. They take up entire silicon wafers and use wafer-scale integration and switched fabric. This reduces latency and interconnect bottlenecks compared to GPU clusters. They use static random-access memory, as opposed to dynamic random-access memory. Cerebras semiconductors and computer systems are much more powerful than those of competitors; however, they have disadvantages due to their large size, 25kW power draw, and cost of as much as $3 million per node. Wikipedia
About Cerebras Systems Inc
CEO-
Employees784
Founded2015
HeadquartersSunnyvale, California, United States
SectorSemiconductor
Websitecerebras.ai
Analyst ratings
Based on 10 analysts giving stock ratings to CBRS in the past 3 months
Strong buy
Buy
10
Hold
0
Sell
0
12-month forecast
Based on 10 Wall Street analysts offering 12 month price targets for CBRS in the last 3 months.
Highest
Current $96.36
$320.00 (+232.09%)
Average
$279.78 (+190.35%)
Lowest
$209.00 (+116.89%)
Analyst | Recommendation | Action | Price target | Projected | Date |
|---|---|---|---|---|---|
Timothy Arcuri UBS | Buy | Maintained | $250.00 | +159.4% | 11/02/2026 |
Thomas O'Malley Barclays | Buy | Maintained | $280.00 | +190.6% | 10/05/2026 |
Vijay Rakesh Mizuho Securities | Buy | Maintained | $300.00 | +211.3% | 10/04/2026 |
Keith Hinton Freedom Capital Markets | Buy | Upgraded | $209.00 | +116.9% | 10/02/2026 |
Paul Meeks Freedom Capital Markets | Hold | Maintained | $209.00 | +116.9% | 09/14/2026 |
Richard Shannon Craig-Hallum | Buy | Maintained | - | - | 08/19/2026 |
Kevin Cassidy Rosenblatt Securities | Buy | Maintained | $300.00 | +211.3% | 08/19/2026 |
Joseph Moore Morgan Stanley | Buy | Maintained | $279.00 | +189.5% | 08/19/2026 |
Quinn Bolton Needham | Buy | Reiterated | $300.00 | +211.3% | 08/19/2026 |
Atif Malik Citi | Buy | Maintained | $320.00 | +232.1% | 08/14/2026 |
Matt Bryson Wedbush | Buy | Maintained | $280.00 | +190.6% | 08/11/2026 |
Joshua Buchalter TD Cowen | Buy | Maintained | $275.00 | +185.4% | 06/23/2026 |
Next call in 10 days
Thu, Nov 12, 5:00 PM
Fiscal period
Q3 2026
- Normalized EPS / Est. (USD)
- GAAP EPS / Est. (USD)
- / -$0.14
Revenue / Est. (USD)
- / 214.70M
Fiscal Q3 2026 earnings call
youtube_liveWaiting for the earnings call
At a glance: upcoming earnings
Insights from the latest news and reports
Previous reportsAll values in USD
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Income statement
Revenue
Net income
- Quarterly
- Annual
All values in USD | Mar 2025 | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
Revenue | 99.51M | 103.32M | 193.41M | 180.11M |
Cost of goods sold | 57.91M | 71.22M | 107.23M | 154.08M |
Cost of revenue | 57.91M | 71.22M | 107.23M | 154.08M |
Research and development expenses | 52.75M | 60.77M | 75.50M | 320.15M |
Total research and development expenses | - | - | - | - |
Selling, general, and admin expenses | 17.32M | 28.51M | 25.72M | 182.64M |
Operating expense | 70.07M | 89.28M | 101.21M | 503.26M |
Total operating expenses | 127.98M | 160.50M | 208.44M | 657.34M |
Operating income | -28.47M | -57.18M | -15.04M | -477.23M |
Other non operating income | -210.00K | -315.00K | -1.26M | -2.21M |
EBT including unusual items | -22.18M | 311.18M | -12.51M | -450.25M |
EBT excluding unusual items | -22.18M | -52.16M | -12.51M | -450.25M |
Income tax expense | 1.68M | 1.66M | 1.50M | 274.00K |
Effective tax rate | -7.59% | 0.53% | -11.97% | -0.06% |
Other operating expenses | - | - | - | 471.00K |
Net income | -23.87M | 309.51M | -14.01M | -450.53M |
Net profit margin | -23.98% | 299.56% | -7.24% | -250.14% |
Earnings per share | - | - | -0.04 | -0.05 |
Interest and investment income | 6.50M | 5.34M | 22.73M | 48.84M |
Interest expense | - | - | -18.95M | -19.65M |
Net interest expenses | 6.50M | 5.34M | 3.78M | 29.19M |
Depreciation and amortization charges | - | - | - | - |
EBITDA | -24.56M | -51.78M | 3.14M | -452.86M |
Gain or loss from assets sale | - | - | - | - |
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider | Position | Type | Date | Shares | Amount |
|---|---|---|---|---|---|
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