CBRS Q3 FY2026 earnings: EPS far below expectations, revenue beat by 7.5%
Cerebras Systems Inc. reported Q3 FY2026. EPS came in at -$0.67 against a -$0.15 consensus, far below expectations. Revenue was $230.9M versus $214.7M expected, beat by 7.5%. Gross margin was 20.0%, up 580 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | -$0.67 | -$0.15 | far below expectations |
| Revenue | $230.9M | $214.7M | beat by 7.5% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $210.8M | +17.0% | +55.3% |
| Gross profit | $42.1M | +64.7% | -23.7% |
| Operating income | $-224.1M | +53.0% | -746.8% |
| Net income | $-161.2M | +64.2% | -626.2% |
| Diluted EPS | -$0.67 | +77.5% | -570.0% |
| Gross margin: 20.0%. |
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The trend
Revenue is up 55.3% from the same quarter last year. Gross margin sits at 20.0%, 2460 bps off its 8-quarter high.
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How it stacks up
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