Cerebras (CBRS) Q2 FY26 earnings call

Cerebras Systems delivered a strong Q2 FY26, exceeding guidance across all core metrics, driven by exceptional demand for fast inference and significant capacity expansion. The company is building foundational capabilities through strategic partnerships with AWS and AMD for disaggregated inference, expanding its market reach and improving economics. With a substantial $25.4 billion RPO, Cerebras is poised for massive revenue growth in 2027 and beyond, despite near-term gross margin pressures from temporary capacity rental.