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Cerebras posts $193.4 million GAAP revenue in fiscal Q1 2026, unveils OpenAI deal valued at more than $20 billion
Cerebras Systems reported GAAP revenue of $193.4 million for the first quarter of fiscal 2026 ended March 31, 2026, up 94% from a year earlier. The company also announced a multiyear agreement for OpenAI to deploy 750 megawatts of Cerebras high-speed inference compute valued at more than $20 billion. Cerebras said it is launching a multiyear partnership with Amazon to bring fast inference to AWS through a disaggregated inference strategy and global distribution. It also said it raised $6.4 billion in gross proceeds through its IPO and trades on Nasdaq under the ticker CBRS.