Cerebras Systems posts Q2 loss as revenue and hardware sales miss estimates
Cerebras Systems reported a Q2 loss per share of $2.98, with revenue of $180.1 million below the $194 million estimate, while cloud revenue beat expectations.
CBRS
Cerebras Systems reported a Q2 loss per share of $2.98, compared with EPS of $1.91 a year earlier. Revenue came in at $180.1 million, below the $194 million consensus estimate.
Cloud revenue reached $126.0 million, above the $116.3 million estimate, but hardware revenue of $54.1 million missed the $73.1 million expected.
Gross margin fell to 14%, well below the 26.3% estimate.
Source: First Squawk