Cerebras
Makes very large single-chip AI systems built for fast answers from models.
- Revenue
- $510M in 2025, with $87.9M net income
- Value
- About $56B fully diluted at its $185 IPO price (May 2026, most reports)
- Growth
- Revenue up 76% in 2025
- Based in
- Sunnyvale, US
- Listed
- Public (CBRS)
It raised $5.55B in the largest US tech IPO of 2026, which shows strong investor appetite for AI chip challengers.
Much of its revenue comes from a few customers in the United Arab Emirates.
Money coming in
Who pays Cerebras, and for what.
compute capacity deal covering 750 MW over three years
sec.gov
Money going out
Who Cerebras pays to do what it does.
No suppliers of Cerebras mapped yet.
Where it sits on the map
Competitors and neighbours
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$89.0B data centre revenue in the quarter to July 2026 (fiscal Q2 2027), out of $96.2B total
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About $13B revenue in 2025, against about $34B of costs (reported)
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25% of AI chip supply (Epoch AI)
Open profileDesigns its own Trainium AI chips and rents them out through AWS.
5% of AI chip supply (Epoch AI)
Open profileDesigns custom AI chips for big clouds and AI labs, and the networking chips that link them.
AI chip revenue $16.7B in a quarter, up 221%
Open profileMakes fast inference chips for running models, built around its own LPU design.
$3.5B in a 2026 round that followed its Nvidia licensing deal
Open profileDesigns custom AI chips for large cloud customers, and the optical chips that link data centres.
$2.006B in the quarter to July 2026 (fiscal Q2 2026), up 58%
Open profileLicenses the processor designs (CPU cores) that most of the world's chips are built on, and earns royalties on each chip sold.
$4.92B for the year to March 2026, a record
Open profileSells chip-design software and design blocks used to build AI and other chips.
$1.58B in the quarter to June 2026, up 24.2%. Full-year 2026 guidance about $6.3B
Open profileSources: finance.yahoo.com, siliconangle.com, thenextweb.com, sec.gov
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