business
Cerebras sinks 14% as full-year margin forecast disappoints
Key takeaways
- If the losses hold through the open, the stock is expected to trade at its lowest level since listing more than a month ago and is on track to wipe out over $6 billion in market value.
- Cerebras forecast adjusted gross margins of 38% to 41% for 2026, compared with the 47% it reported for the first quarter.
- The projection is far below those of rivals such as Nvidia s mid-70% range and Advanced Micro Devices mid-50%, even as it came above analysts estimates of 29.58%.
Cerebras sinks 14% as full-year margin forecast disappoints Illustration shows Cerebras logo · Reuters Reuters Wed, June 24, 2026 at 6:03 PM GMT+7 2 min read CBRS NVDA AMD June 24 (Reuters) - Cerebras shares tumbled about 14% before the bell on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a blockbuster initial public offering.
If the losses hold through the open, the stock is expected to trade at its lowest level since listing more than a month ago and is on track to wipe out over $6 billion in market value.
Cerebras forecast adjusted gross margins of 38% to 41% for 2026, compared with the 47% it reported for the first quarter.
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