Cerebras Systems Inc. (NASDAQ:CBRS) shares are hovering near the flatline Thursday, a day after rallying with AI stocks, as it prepares to report third-quarter earnings after the close.
- Cerebras Systems stock is showing downward pressure. What’s the outlook for CBRS shares?
Cerebras Shares Flat Ahead of Earnings
Cerebras rose Wednesday alongside AI infrastructure and electricity-equipment names after CoreWeave Inc.’s (NASDAQ:CRWV) third-quarter report.
CoreWeave, an AI neocloud provider and a major customer for the sector, steadied the demand picture for the group. It reported sales of $3.66 billion against a $3.55 billion forecast, up about 168% from a year earlier. A 95-cent adjusted loss per share was narrower than the $1.16 loss analysts expected, and its backlog reached $132.5 billion.
CoreWeave also raised 2026 revenue guidance to $13 billion up to $13.3 billion, above the $12.86 billion consensus, and plans $37 billion up to $39 billion in capital spending. Those numbers suggest AI infrastructure orders remain strong, which supports chip designers such as Cerebras.
Cerebras Q2 Recap and Revenue Estimate
Hitting that revenue estimate would require growth of about 19% from the second quarter’s $180.11 million. Cerebras fell 7.26% short of the $194.2 million analysts expected that quarter, and its earnings missed as well. Even so, CEO Andrew Feldman called the second quarter “an outstanding quarter,” pointing to cloud revenue that grew almost fourfold from a year earlier.
Feldman said demand for rapid AI inference is “enormous.” In response, Cerebras is lining up additional data center capacity and expanding manufacturing, alongside names like CrowdStrike, AMD, AWS and OpenAI.
If Cerebras loses less than 14 cents a share, it did better than analysts expected, and a bigger loss would mean it did worse. Revenue above $214.70 million would show sales ahead of forecasts, a turnaround from the second quarter, while a lower number would echo that quarter’s shortfall. After Wednesday’s rally, investors may react sharply to any miss.
CBRS Shares Trade Flat
CBRS Price Action: Cerebras shares were trading 0.35% lower at 100.73 at the time of publication on Thursday, according to Benzinga Pro.
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