04:59 PM EDT, 08/12/2026 (MT Newswires) -- Cerebras Systems ( CBRS ) reported a Q2 net loss late Wednesday of $2.98 per diluted share, swinging from earnings of $1.91 a year earlier.

Analysts polled by FactSet expected a loss of $1.62.

Revenue for the quarter ended June 30 was $180.1 million, up from $103.3 million a year earlier.

Analysts expected $190.6 million.

The company expects Q3 non-GAAP revenue of about $214 million to $216 million. Analysts expect $210.2 million.

Cerebras now expects full-year non-GAAP revenue of $880 million to $890 million, compared with prior revenue guidance of $855 million to $865 million. Analysts expect $863.4 million.

Cerebras shares fell more than 14% in after-hours trading.