Stocks · Technology · Semiconductors
Cerebras Systems Inc. CBRS
$166.43 -1.82% Close, Oct 2, 2026 · NASDAQ · Market cap $39.54B
Strong growthExpensive vs sector
Next earnings report: Nov 12, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $680.7M, up 90.8% from a year earlier, accelerating from 87.8% a quarter earlier.
- Operating margin narrowed to -81.2% from -40.7% a year earlier.
- The diluted share count fell 29.9% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 5%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationTop 30%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 26%
- Gross marginBottom 27%
- Operating marginBottom 11%
- Interest coverBottom 13%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 29%
- EBITDA / enterprise valueBottom 22%
- Sales / enterprise valueBottom 6%
Strength and persistence of the price trend, including versus the S&P 500.
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 11%
- Consecutive EPS beatsBottom 44%
- Share of analysts rating BuyTop 5%
- Upside to consensus price targetTop 17%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 8%
- Maximum drawdown, 3 yearsTop 21%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 87.8% | 90.8% | ↑ |
| Gross margin | 39.4% | 34.8% | ↓ |
| Operating margin | -40.7% | -81.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 90.8% | 87.8% | ↑ | Top 5% |
| Gross margin | 34.8% | 39.4% | ↓ | Bottom 27% |
| Operating margin | -81.2% | -40.7% | ↓ | Bottom 11% |
| Net margin | -75.3% | -36.3% | ↓ | — |
| Return on invested capital | -5.1% | — | Bottom 26% | |
| Revenue growth, 3-year CAGR | 174.6% | — | Top 2% |
Quality of earnings and balance sheet
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -29.2×
Shareholder returns
- Share count change, 1 year
- -29.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 12, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 2 of 2
- Average EPS surprise, last 4
- +76.1%
- Average 2-day reaction, last 8
- +6.3%
- Positive 20 days after report
- 0 of 2
Analysts
- Consensus price target
- $300.50
- Target vs current price
- +80.6%
- Analysts with a rating
- 8
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 12, 2026 | +76.7% | +11.6% | -6.3% | -16.4% | — |
| Jun 23, 2026 | +75.6% | +1.0% | -3.7% | -7.1% | -15.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 12, 2026 | -$0.04 | -$0.17 | +76.7% | $209.9M |
| Jun 23, 2026 | -$0.04 | -$0.16 | +75.6% | $191.3M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 49.36× | — | — | Bottom 6% |
| Earnings yield | -1.96% | — | — | Bottom 29% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- 50-day average slope (20 days)
- -0.6%
- Distance from 50-day average
- -17.2%
- RSI (14)
- 35.7
- Relative volume
- 1.87×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 105.8%
- Current drawdown from 1-year high
- -46.5%
- Maximum drawdown, 3 years
- -46.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 14, 2026 | Oct 2, 2026 | -46.5% | 97 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $39.54B
- EPS, diluted (TTM)
- -$3.26
- Revenue (TTM)
- $680.7M
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $24.6M | $78.7M | $290.3M | $510.0M |
| Gross profit | $2.9M | $26.4M | $122.7M | $199.1M |
| Operating income | -$178.8M | -$133.9M | -$101.6M | -$145.3M |
| Net income | -$177.7M | -$127.2M | -$481.6M | $237.8M |
| EPS (diluted) | -$0.83 | -$0.59 | -$2.25 | $0.41 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $72.3M | $81.5M | $99.5M | $103.3M | $135.7M | $171.4M | $193.4M | $180.1M |
| Net income | -$309.3M | -$105.7M | -$23.9M | $309.5M | -$22.2M | -$25.6M | -$14.0M | -$450.5M |
| EPS (diluted) | -$1.44 | -$0.49 | -$0.11 | $1.44 | -$0.10 | -$0.12 | -$0.06 | -$2.98 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Operating cash flow | -$164.4M | -$79.0M | $452.0M | -$10.1M |
| Capital expenditure | -$10.5M | -$6.6M | -$23.4M | -$382.7M |
| Free cash flow | -$174.9M | -$85.6M | $428.5M | -$392.8M |
| Dividends paid | $0 | $0 | $0 | $0 |
| Net share buybacks | $9.1M | $5.9M | $27.6M | -$70.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $8.61B
- Total assets
- $11.63B
- Total liabilities
- $2.47B
- Total debt
- $1.49B
- Net debt
- -$5.94B
- Shareholders’ equity
- $9.15B
As of Jun 30, 2026 (filed Aug 12, 2026).
Short interest
- Shares sold short
- 12,802,090
- Days to cover
- 2.17
- Change vs previous report
- -4.0%
FINRA short interest, settlement date Sep 15, 2026.