CBRS Cerebras Systems Inc.
What matters nowUpdated 6 h ago
- On October 12 Cerebras shares fell about 10% to a post-IPO low, well below the $185 IPO price, amid the OpenAI chip-workload report, concern about insider selling before the lock-up expiry, and weakness across semiconductors 1. The pooled 24/7 venue price is $148.25, up 1.41% from the previous close of $146.19.
- Between September 25 and October 2 the stock fell 19.5%, with its sharpest session on September 30 (down 8.9%), after a report said OpenAI moved an Ultrafast workload to Nvidia; the drop was not from that report alone 2. On October 1 it fell 8.87% to $177.65 as about 19.4 million shares became eligible for sale at the lock-up release, and insider Form 144 notices covered about $84.3 million of stock 3. It rebounded up to 9.5% on October 5 after Sam Altman called Cerebras a close OpenAI partner 4.
- Key numbers: 2025 revenue was $510.0 million, about 70% hardware and 30% cloud and other services, and remaining performance obligations were $25.4 billion at June 30, 2026. The company had net cash of about $5.8 billion at June 30, 2026. Insiders made 25 sales worth about $408.4 million over the last 180 days, 10 of them planned, and no insider buys.
- Partnerships: General Compute signed a multi-year deal on September 29 to deploy Cerebras inference at scale, available through General Compute from Q1 2027, with the hardware financed by its lenders rather than Cerebras's balance sheet 5. The OpenAI capacity deployment, agreed in December 2025, has an initial tranche of 250 MW.
- Next: Q3 2026 earnings are expected on November 10, 2026, not yet confirmed by the company, and the first annual report (Form 10-K) for fiscal 2026 is due by March 31, 2027.
- Macro backdrop: September CPI is due October 14, 2026, and Polymarket gives 81.5% odds of no change in Fed interest rates after the October 2026 meeting.
TipRanks · Oct 12
Trefis · Oct 2
24/7 Wall St. · Oct 1
International Business Times · Oct 5
Cerebras · Sep 29
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| binance perp CBRSUSDT · just now | 149.76 | 0.00% | $69.4M | $20.9M | 0.0000% |
| hyperliquid perp xyz:CBRS · just now | 149.53 | −0.15% | $29.5M | $48.2M | 0.0286% |
| bitget perp CBRSUSDT · just now | 149.67 | −0.06% | $7.9M | $6.6M | 0.0199% |
| okx perp CBRS-USDT-SWAP · just now | 149.81 | +0.04% | $3.9M | $3.6M | 0.0022% |
| bybit perp CBRSUSDT · just now | 149.77 | +0.01% | $2.7M | $3.1M | 0.0058% |
| lighter perp 175 · just now | 149.65 | −0.07% | $1.3M | $268.7K | 0.0224% |
| aster perp CBRSUSDT · just now | 149.65 | −0.07% | $208.9K | $107.7K | 0.0049% |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
Cerebras drops about 10% to post-IPO low on OpenAI, lock-up and sector worries
Cerebras shares fell about 10% on October 12, a post-IPO low well below the $185 IPO price, while the iShares Semiconductor ETF fell 2.5%.
Cerebras rebounds up to 9.5% after Altman calls it a close OpenAI partner
Shares rose as much as 9.5% on October 5 after OpenAI CEO Sam Altman wrote on X on October 2 that Cerebras is a close partner with deep engagement on speed.
Report says OpenAI moved Ultrafast workload to Nvidia; Cerebras down about 19.5% that week
A report attributed to CNBC said Cerebras lost a key OpenAI workload to Nvidia, tied to the Ultrafast mode of one OpenAI model.
Cerebras falls below $185 IPO price as 19.4 million shares unlock and insiders file to sell
Cerebras shares fell 8.87% to $177.65 on October 1, below the $185 IPO price, as about 19.4 million shares became eligible for sale at the lock-up release.
General Compute signs multi-year deal for Cerebras ultra-fast inference
Neocloud General Compute signed a multi-year agreement to deploy Cerebras inference at scale, starting with agentic coding.
Gimlet Labs adds Cerebras to its Gimlet Cloud inference
Gimlet Labs will offer Cerebras-powered inference through Gimlet Cloud, with speeds of up to 3,000 tokens per second claimed in the release.
Cerebras unveils CS-4 with three wafers per rack at SUPERNOVA event
Cerebras unveiled the CS-4 at its SUPERNOVA event, a rack with three WSE-3 Turbo wafers and 750 petaflops of sparse FP16 compute.
Cerebras shares fall about 12% after Q2 revenue and loss miss
Cerebras shares fell about 11.9% on August 13, the first session after the second-quarter report, while the S&P 500 rose 0.7% and the Nasdaq Composite rose 0.9%.
Cerebras powers OpenAI Ultrafast mode for GPT-5.6 Sol
Cerebras said it powers an Ultrafast service tier for OpenAI's GPT-5.6 Sol model, which is in limited preview for OpenAI customers.
Cerebras Q2 2026 revenue $180.1 million, net loss $2.98 per share; core guidance raised
Cerebras reported second-quarter 2026 GAAP revenue of $180.1 million, up 74% from a year earlier, and a net loss of $2.98 per share.
Lovable signs for dedicated Cerebras inference capacity
AI app builder Lovable will run selected latency-sensitive workloads on dedicated Cerebras capacity, and the two companies will explore new product experiences that faster inference enables.
AMD and Cerebras announce disaggregated inference solution
AMD and Cerebras will pair AMD Helios systems with the Cerebras Wafer-Scale Engine in one disaggregated inference workflow.
CrowdStrike and Cerebras partner on AI detection and response
CrowdStrike will run its Falcon AI Detection and Response models on Cerebras inference hardware.
Cerebras sets August 12 date for second-quarter 2026 results
Cerebras said it will report second-quarter 2026 results after the market closes on Wednesday, August 12, 2026, and hold a conference call the same day at 5 p.m.
Cerebras plans 200 MW of European AI compute by end of 2027
At the RAISE Summit in Paris, Cerebras said its first European data-center capacity will come online by the end of 2026, with build-out in France and the Nordic countries.