Live Feeds
● LIVE Updated 1d ago · 7 sources tracked

Cerebras falls 8% after chipmaker forecasts shrinking margin in first earnings report since IPO

Cerebras exceeded its Q1 sales target and reported a 92% increase in quarterly revenue. Despite the growth, the company projects negative margins for the full year. The stock fell 8% following these forecasts.

RSS Source map (7)

What changed

Cerebras released its first earnings report since going public, showing high revenue growth alongside negative margin projections.

Live updates

  1. Cerebras Reports 92% Revenue Growth in First Post-IPO Earnings

    Cerebras exceeded its Q1 sales target and reported a 92% increase in quarterly revenue. Despite the growth, the company projects negative margins for the full year. The stock fell 8% following these forecasts.

    What's confirmed:

    • Cerebras reported 92% revenue growth in its first earnings report since its IPO.
    • The company beat its Q1 sales target and provided higher guidance.
    • Cerebras projects negative margins for the full year.

    Still unconfirmed:

    • Cerebras stock fell 8% after forecasting shrinking margins.
    • Wedbush suggested the inaugural earnings had upside potential.
    confidence 90%