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CBCBRS

Cerebras Systems Inc.

$CBRS·$51B·Semiconductors·Technology
$185.43-5.5%1Y-36.9%
Mentions · last 7 days
2026-08-17: 29 posts2026-08-18: 247 posts2026-08-19: 336 posts2026-08-20: 190 posts2026-08-21: 124 posts2026-08-22: 32 posts2026-08-23: 47 posts1,123-7%
Price updated 2h ago·X counts updated 1m ago
CBCBRS
$CBRSCerebras Systems Inc.
$185.43-5.46%1.1k posts-7%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $CBRS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeCooling offAI verdict · as of 2026-08-22

Catching its breath after a run — could pick back up or fade from here.

Wafer-scale AI silicon with real customers, but the post-IPO lockup overhang is what's on the tape right now.

Cerebras Systems makes the Wafer-Scale Engine — a single silicon wafer that acts as one giant AI chip, and can run large-model inference far faster than a conventional GPU cluster. The technology is genuinely differentiated; the equity story is being tested by the post-IPO share supply.

  • The product roadmap has caught up to the pitch: the CS-4 launched last week with claims of up to 30x GPU inference speed and OpenAI is running GPT-5.6 Sol Ultrafast on Cerebras at ~14x standard speed — that's the marquee validation the bull thesis needed to become real customer commercialization.
  • Revenue is scaling fast off a small base: last quarter's $210M grew 76% year-over-year and the last two prints have surprised consensus by ~75% each — the business is ramping harder than the sell-side underwrote.
  • The near-term overhang is quantifiable and heavy: an early-August SEC 13D-related conversion and disposition of 3.8M shares by Foundation Capital's Steven Vassallo (a director-affiliated fund), plus a filed CTO sale of $153M, means the supply pipeline is the exact reason the stock gave back its entire earnings-report gap.
  • Independent capital is voting in the same direction: Rosenblatt and UBS reiterated Buy at $300 and $330 respectively, and Mizuho sees Meta as the next likely hyperscaler customer — the fundamental read is intact even as the tape struggles with insider supply.

The Nov 12 earnings print needs to show a hyperscaler win beyond OpenAI and a path to positive operating margin — with an 86x sales multiple, the runway to justify the price runs through more customer disclosures fast. A big new customer announcement or lockup expiring without a sharp secondary would break the range up; another 3M+ share insider sale before the print extends the cool.

Agrees with X sentimentBoth sides of the X split have real anchors — the CS-4 launch and OpenAI validation are legitimate bull catalysts, and the $153M CTO sell filing plus the still-unlocked pre-IPO supply are the real reason the tape gave back the earnings gap. This is a case where the crowd is accurate about both directions.

What to watch: Q3 earnings Nov 12: a hyperscaler customer beyond OpenAI (Meta, xAI, etc.) needs to be named and operating margin needs to move toward breakeven. Another 3M+ share insider sale before the print or a soft revenue guide would extend the cooling.

On the calendar: 2026-11-12 — Q3 2026 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment66 posts analyzed · as of 2026-08-22

Cerebras Systems sentiment is loudly bullish after the Supernova 2026 event. Posters cite the new CS-4 announcement with up to 30x more token efficiency than GPUs, double CS-3 performance and 10x efficiency gains, a $7.2M call sweep, Brad Gerstner-led buying alongside institutions, a teased META customer announcement on August 25 and Rosenblatt/UBS reiterating Buy at $300-330 targets. Bears point to a $153M planned insider sale by Officer Sean Lie, IPO-lockup overhang and CBRS trading around 75x sales as valuation concerns. The dominant tone is 'thesis-strengthening event' with insider sales as background noise.

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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes wafer-scale AI chips and systems for large language model training and inference, targeting hyperscalers and government customers.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $CBRS.

Semiconductors · Technology

No material change from last week — structural AI capex engine unchanged: hyperscaler Blackwell allocation stays tight through 2H26 and HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory demand uplift.

What this means for $CBRS

Partial — Makes wafer-scale AI chips and systems for large language model training and inference, targeting hyperscalers and government customers; partial earnings exposure to semiconductors demand dynamics through its product portfolio.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+95.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
181.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-8.8%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-28.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
0.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
86.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
123%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
39.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 12, 2026$-0.04$-0.17+76.7%
Q1 2026Jun 23, 2026$-0.04$-0.16+75.6%
Next earningsThu, Nov 12·consensus EPS $-0.15

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q4 FY25$171.4M+110.3%41.0%-19.7%$-0.12—
Q3 FY25$135.7M+87.7%40.6%-19.5%$-0.10—
Q2 FY25$103.3M+51.5%31.1%-55.3%$1.44—
Q1 FY25$99.5M+45.9%41.8%-28.6%$-0.11—

Forward consensus

3-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$861.3M$860.0M – $863.5M-$0.89-$1.00 – -$0.788
FY27$2.8B$2.7B – $2.9B$0.96$0.88 – $1.058
FY28$7.4B$6.3B – $9.7B$5.13$4.45 – $6.4810

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.1×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.—Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-5.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.—Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 60.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today12.6% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.855-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 21Sean LieCTO16.3K sh$3.4MSellAug 20Sean LieCTO710.2K sh$147.6MSellAug 18Yagnesh PatelChief Accounting Officer4.6K sh$1.0MSellJun 30Dhiraj MallickCOO10.0K sh$2.1MSellJun 26Dhiraj MallickCOO20.0K sh$3.5MSellJun 25Dhiraj MallickCOO21.1K sh$3.8M
+ 25 other (15 conversions · 7 others · 2 exempts · 1 gift) in window

See when $CBRS insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentAug 18SC 13D/A
AI summary

Eclipse Continuity GP I LLC, affiliated with Eclipse Ventures (managed by Lior Susan), filed an amended Schedule 13D (Amendment No. 2) reporting its beneficial ownership stake in Cerebras Systems (CBRS). The triggering event occurred on August 14, 2026. The source of funds is listed as affiliated funds (AF). Eclipse Ventures is a deep-tech focused VC firm with a significant investment in the AI chip startup.

SC 13D/AActivist amendmentJun 26SC 13D/A
AI summary

Eclipse Ventures holds 680,305 Class A shares (approximately 0.3%) of Cerebras Systems as of June 25, 2026. Routine minor update to Eclipse's Schedule 13D for its small position in this high-profile AI chip company; the sub-1% stake reflects a modest early-stage VC position.

SC 13DActivist position (5%+)May 22SC 13D
AI summary

Eclipse Ventures (via Eclipse Continuity GP I, LLC; managing member Lior Susan, a Cerebras board director) filed a Schedule 13D for Cerebras Systems Inc. (CBRS) following the company's IPO on May 15, 2026, disclosing beneficial ownership of 800,358 shares of Class B common stock (0.4% of 219,610,345 total shares outstanding). The Class B shares are convertible into Class A on a one-for-one basis at the holder's option. This is a routine post-IPO beneficial ownership disclosure by a pre-IPO venture investor with board representation, not an activist position given the sub-1% stake.

8-KCharter amendmentMay 158-K — Item 5.03: Charter amendment · Item 8.01: Other event
AI summary

Cerebras Systems Inc. (CBRS) filed its amended and restated certificate of incorporation and bylaws effective May 15, 2026, in connection with the closing of its IPO of Class A Common Stock on the Nasdaq Global Select Market. The amended charter establishes a three-class structure (Class A: 1 vote, Class B: 20 votes, Class N: non-voting), with Class B holders controlling approximately 99.2% of voting power post-IPO. Routine IPO closing filing, though the extreme voting concentration in insider Class B shares is a material governance consideration for new public investors.

424B4Prospectus supplement (offering)May 14424B4
AI summary

Cerebras Systems Inc. (CBRS) priced its IPO at $185.00/share for 30,000,000 shares of Class A Common Stock, raising $5.55 billion gross ($5.42 billion net to company after underwriting discounts), to be listed on Nasdaq as 'CBRS.' Class B shares (20 votes/share) represent approximately 99.2% of voting power post-IPO, leaving public shareholders with minimal governance rights. At $5.55B raised, Cerebras's IPO ranks among the largest AI-related public offerings on record, validating massive investor appetite for wafer-scale AI processor technology.

3New insider — initial holdingsMay 133
AI summary

Foundation Capital Management Co. VIII, L.L.C. filed Form 3 as a 10%+ owner of Cerebras Systems Inc. (CBRS) effective May 13, 2026, in connection with the company's IPO, holding large Class A Common Stock positions through Foundation Capital VIII, L.P. and its Principals Fund across Series A–E preferred stock rounds. All preferred shares converted to Class A at IPO. Routine post-IPO disclosure for a major pre-IPO VC backer; no new shares acquired in connection with this filing.

3New insider — initial holdingsMay 133
AI summary

Steven Vassallo (Director, CBRS) filed Form 3 initial beneficial ownership statement effective May 13, 2026, holding large indirect Class A Common Stock positions through Foundation Capital funds across Series A–E preferred rounds converting at IPO. He is a Foundation Capital partner with board representation. Routine post-IPO director disclosure; no new shares acquired in connection with this filing.

3New insider — initial holdingsMay 133
AI summary

Benchmark AI Infrastructure Management Co., L.L.C. and its affiliated fund entities (Benchmark AI Infrastructure Fund, L.P. and Benchmark AI Infrastructure Fund B, L.P.) filed Form 3 as a 10%+ owner of Cerebras Systems Inc. (CBRS) effective May 13, 2026, holding 2,527,646 Class B Common Stock shares (converted from Series H Preferred Stock). Routine post-IPO disclosure of a pre-IPO VC investor's stake; no new shares acquired in connection with this filing.

+ 36 other (12 13Gs · 10 3s · 2 10-Qs · 2 earnings 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Can Cerebras' Latest CS-4 Help the Stock in Confronting NVDA & AMD?zacks.com·3d agoCerebras and Callosum Partner to Deliver Ultra-Low-Latency Heterogeneous Agentic Inferenceglobenewswire.com·5d agoCerebras Unveils CS-4, OpenAI and AMD Partnerships to Accelerate AI Inferencedefenseworld.net·5d agoThis Billionaire Tech Investor Is Betting Big on SpaceX and Chip Stocksfool.com·5d agoCerebras Systems Inc. (CBRS) Discusses Impact of AI Speed and Wafer-Scale Technology on Real-Time Applications Prepared Remarks Transcriptseekingalpha.com·5d ago

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Voices on X · top 15 · last 7 days

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