NASDAQ · CBRS

Cerebras Systems Inc.

Technology · Semiconductors

$206.75▲ 0.16% ($0.34)at close

After hours$206.50▼ 0.12%7:58 PM ET

52-week

$160.81$386.34

Market cap

$49.12B

P/E

187.10

EPS (TTM)

-$3.39

Next earnings

Nov 12, 2026

Valuation

Earnings yield

Below TreasuryYield below the 10-year Treasury

Earnings yield · Reported earnings

0.53%

10-year Treasury benchmark: 5.18%

USD · Annual earnings ending Dec 31, 2025 · Price Sep 25, 8:00 PM UTC

Trailing earnings are unavailable; the latest annual EPS is used.

USD · Annual earnings ending Dec 31, 2025 · Price Sep 25, 8:00 PM UTC

Your edits update the card above as you go.

Earnings yield · Maximum entry price

Unavailable

Projected annual return:: Unavailable
Current earnings yield:: 0.53%
10-year Treasury benchmark:: 5.18%

Entry price is a return-based threshold, not an estimate of value.

USD · Annual earnings ending 2025-12-31

Estimate an entry price from future earnings and your required return. Growth and the exit P/E change the forecast; current earnings yield uses only EPS and the price used.

Earnings per sharePer share · USD

Annual EPS growth percent

Target price-to-earnings multiple

Holding period in years

Required annual return percent

Add a positive EPS and exit P/E, and an EPS growth assumption to calculate the forecast.

EPS basis: reported earnings at full precision. Current earnings yield: 0.53%. Dividends are excluded from projected annual return.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -33.54%Revenue (YoY): 75.71%FCF (YoY): -191.66%

What changed

The stock fell 33.54% over the last year. Revenue grew 75.71% year over year. Operating margin moved from -35.02% to -28.48%. Free cash flow declined 191.66% year over year.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -28.48%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

Company profile

Cerebras Systems Inc. is a leading innovator in artificial intelligence infrastructure.

CEOAndrew D. Feldman

SectorTechnology

IndustrySemiconductors

Employees708

IPO dateMay 14, 2026

https://www.cerebras.ai

Market multiples

Forward P/E—

EV/EBITDA375.58

Enterprise value$104.91B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth74.32%

Gross margin (FY2025)39.03%▼3.3ppvs FY2024

Operating margin (FY2025)-28.48%▲6.5ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$300.50▲45.34%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 12, 2026

Q4 FY26 · EPS est -$0.15 · Revenue est $214.7M

View

Institutional Sentiment

Cerebras Systems Inc. · CBRS

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NASDAQ · CBRS

Cerebras Systems Inc.

Technology · Semiconductors

$206.75▲ 0.16% ($0.34)at close

After hours$206.50▼ 0.12%7:58 PM ET

52-week

$160.81$386.34

Market cap

$49.12B

P/E

187.10

EPS (TTM)

-$3.39

Next earnings

Nov 12, 2026

Valuation

Earnings yield

Below TreasuryYield below the 10-year Treasury

Earnings yield · Reported earnings

0.53%

10-year Treasury benchmark: 5.18%

USD · Annual earnings ending Dec 31, 2025 · Price Sep 25, 8:00 PM UTC

Trailing earnings are unavailable; the latest annual EPS is used.

USD · Annual earnings ending Dec 31, 2025 · Price Sep 25, 8:00 PM UTC

Your edits update the card above as you go.

Earnings yield · Maximum entry price

Unavailable

Projected annual return:: Unavailable
Current earnings yield:: 0.53%
10-year Treasury benchmark:: 5.18%

Entry price is a return-based threshold, not an estimate of value.

USD · Annual earnings ending 2025-12-31

Estimate an entry price from future earnings and your required return. Growth and the exit P/E change the forecast; current earnings yield uses only EPS and the price used.

Earnings per sharePer share · USD

Annual EPS growth percent

Target price-to-earnings multiple

Holding period in years

Required annual return percent

Add a positive EPS and exit P/E, and an EPS growth assumption to calculate the forecast.

EPS basis: reported earnings at full precision. Current earnings yield: 0.53%. Dividends are excluded from projected annual return.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -33.54%Revenue (YoY): 75.71%FCF (YoY): -191.66%

What changed

The stock fell 33.54% over the last year. Revenue grew 75.71% year over year. Operating margin moved from -35.02% to -28.48%. Free cash flow declined 191.66% year over year.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently -28.48%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

Company profile

Cerebras Systems Inc. is a leading innovator in artificial intelligence infrastructure.

CEOAndrew D. Feldman

SectorTechnology

IndustrySemiconductors

Employees708

IPO dateMay 14, 2026

https://www.cerebras.ai

Market multiples

Forward P/E—

EV/EBITDA375.58

Enterprise value$104.91B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth74.32%

Gross margin (FY2025)39.03%▼3.3ppvs FY2024

Operating margin (FY2025)-28.48%▲6.5ppvs FY2024

ROEN/A

Analyst consensus

RatingBuy

Target price$300.50▲45.34%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 12, 2026

Q4 FY26 · EPS est -$0.15 · Revenue est $214.7M

View

Institutional Sentiment

Cerebras Systems Inc. · CBRS

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.