Chips · Public · NASDAQ: CBRS · US

Cerebras

Chip company that builds wafer-scale AI processors and an inference cloud.

Legal name: Cerebras Systems Inc.Founded 2016 (Wikidata)Reviewed Oct 21, 2026

Listed
CBRS
NASDAQ: CBRS
Cash capex, FY26 Q2
$416.9M
Apr–Jun 2026 · derived · 10-Q ↗ · 10-Q ↗
Largest customer contract
more than $20B
OpenAI · Dec 24, 2025 · 424B4 ↗
Last financing
$6.4B
IPO · May 15, 2026 · Closed · 8-K ↗
Compute deals
1
Dollar values and capacity below

Funding

Financing events where Cerebras raised money or filed for it

DateRoundEquityDebtPost-moneyLeadsStatus
May 15, 2026IPOGross proceeds$6.4BNot tracked yetNot tracked yetNo lead named in the sourceClosed 8-K ↗
Dec 24, 2025Debt financingWorking capital loan from OpenAINot tracked yet$1BNot tracked yetNo lead named in the sourceClosed 424B4 ↗

* Equity raised counts closed primary equity rounds only, per currency. It excludes debt, secondary sales, Form D amounts and money counted inside a later round. Other trackers often add some of these, so their totals differ. Method →

Compute and infrastructure

Stated contract totals over multi-year terms, not annual spend

DateDealRoleValue (basis)CapacitySource
Dec 24, 2025OpenAI and Cerebras inference compute agreementwith OpenAI · Compute contract, Debt financing, WarrantProvider, Borrowermore than $20B750 MW, 1.25 GW424B4 ↗

Cash paid for property and equipment

SEC XBRL, by fiscal quarter · hollow bars are derived

QuarterPeriodCash paid for PP&EHowFiling
FY26 Q2Apr–Jun 2026Apr 1, 2026 to Jun 30, 2026$416.9MDerivedSix months to Jun 30, 2026 ($548,873,000) minus three months to Mar 31, 2026 ($131,970,000)10-Q Aug 12, 2026 ↗10-Q Jun 24, 2026 ↗
FY26 Q1Jan–Mar 2026Jan 1, 2026 to Mar 31, 2026$132MReported10-Q Jun 24, 2026 ↗
FY25 Q2Apr–Jun 2025Apr 1, 2025 to Jun 30, 2025$86.85MDerivedSix months to Jun 30, 2025 ($185,094,000) minus three months to Mar 31, 2025 ($98,244,000)10-Q Aug 12, 2026 ↗10-Q Jun 24, 2026 ↗
FY25 Q1Jan–Mar 2025Jan 1, 2025 to Mar 31, 2025$98.24MReported10-Q Jun 24, 2026 ↗

Metrics

Numbers the company states or files about itself

MetricValueAs ofStatusSource
Revenue, year ended December 31, 2025Year ended December 31, 2025
“Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025.”
$510MDec 31, 2025Filed424B4 ↗
Revenue, year ended December 31, 2024Year ended December 31, 2024
“Our revenue increased from $290.3 million for the year ended December 31, 2024 to $510.0 million for the year ended December 31, 2025.”
$290.3MDec 31, 2024Filed424B4 ↗

Timeline

Every tracked event, newest first

  1. May 15, 2026IPOCerebras initial public offeringCerebras$6.4BCompleted 8-K ↗
  2. Dec 24, 2025ComputeOpenAI and Cerebras inference compute agreementOpenAI ↔ Cerebrasmore than $20BSigned 424B4 ↗
Deal counterparties
OpenAI
Same category
ASMLSamsung ElectronicsNVIDIAAMDBroadcomTSMC

Sources

4 sources · reviewed Oct 21, 2026

  1. SEC EDGAR (Cerebras Systems Inc.), “Cerebras Form 8-K, May 15, 2026 (completion of the initial public offering)”, May 15, 2026 · 8-K
  2. SEC EDGAR (Cerebras Systems Inc.), “Cerebras final prospectus (Form 424B4) for its initial public offering, dated May 13, 2026”, May 13, 2026 · 424B4
  3. SEC EDGAR (Cerebras Systems Inc.), “Cerebras registration statement on Form S-1, April 17, 2026”, Apr 17, 2026 · S-1
  4. Wikidata, “Wikidata item Q66604886 (Cerebras)” · Wikidata

Corrections: none. Found an error? Report it.