Cerebras Systems Inc. (CBRS)
Information Technology · AI Hardware & Infrastructure · NASDAQ
Cerebras provides the fastest AI infrastructure globally, powered by its proprietary wafer-scale processor technology designed for high-speed inference and large-scale model training.
What Cerebras Systems Inc. does
Cerebras Systems designs and builds high-performance AI infrastructure centered on its proprietary wafer-scale processor technology. The company provides both on-premises AI supercomputing systems and cloud-based consumption models for training and serving large-scale foundation models. It also offers technical AI services, including model co-development and hardware operations support, to enterprise and hyperscale customers.
Themes: AI infrastructure, AI inference, foundation models, wafer-scale computing, cloud computing, AI services
Fundamentals
- Price$118.24 as of 2026-10-20 close
- Market capn/a No figure: no filed share count, and the independent figure does not match the share base we last held.
- P/En/a earnings data not available
- ROICn/a No figure: its 10-K tags no operating income.
- Debt / equity0.10 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-06-30
- Beta5.31 as of 2026-09-03
- Last reported earnings2026-08-12 SEC EDGAR Form 8-K (Item 2.02)
Quarterly results
Balance sheet at 2026-06-30
- Cash and equivalents$6.7B
- Short-term investments$1.2B
- Total debt$918M borrowings only; leases excluded
- Net debt-$7.0B total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Cerebras Systems Inc. looks technically
Cerebras Systems Inc. (CBRS): a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend). Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 24, in oversold territory (below 30). It just made a new 20-day low, breaking below its recent trading range.
Trend
8
| Distance from the 200-day | not enough price history yet — needs 200 trading sessions | n/a |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $187.66 | $187.66 |
| 200-day moving average | not enough price history yet — needs 200 trading sessions | n/a |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 214. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | not enough price history yet — needs 200 trading sessions | n/a |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend) | 23.5 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 24, in oversold territory (below 30) | 24.3 |
|---|---|---|
| Position in its 14-day range | it is trading right at the bottom of its 14-day range ($116.22 to $185.29) — its "stochastic" reading is 3 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 2.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 15 sessions |
Range
7
| Since a 20-day breakout | it just made a new 20-day low, breaking below its recent trading range | 1 session |
|---|---|---|
| Since a 55-day breakout | it just made a new 55-day low, breaking below its recent trading range | 1 session |
| All-time high | its highest closing price on record is $386.34 (set on 2026-05-14) | $386.34 |
| Given back of the 52-week move | not available for this company yet | n/a |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $116.22 (set on 2026-10-20) | $116.22 |
| Above the all-time low | it is 1.7% above its all-time low | +1.7% |
Volatility
4
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 98% of the past ~6 months) | 98th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $12.33 between its high and its low — about 10.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $12.33 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $112.20 and $221.30 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $112.20 – $166.75 – $221.30 |
| Typical daily range (% of price) | its price moves about 10.4% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 10.4% |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.12× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-20 2.0% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -2.0% |
|---|---|---|
| Open gap | it gapped 3.2% below the previous close 2 sessions ago and has not traded back through the level it left behind at 142.17 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.2% |
| Gap filled | a 2.0% gap down opened on 2026-10-20 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -16.83% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 41.4 percentage points (the stock lost 40.4% while the market gained 1.0%) | -41.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 36.8 percentage points (the stock lost 33.2% while the market gained 3.6%) | -36.8% |
| vs market, 6 months | not available for this company yet | n/a |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 2 of the 6 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 6 |
|---|---|---|
| Bearish technical signals | 3 of the 6 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 6 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 43% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.4% of the share price. | -42.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 43% below the average price paid since 2026-05-14, so the typical buyer over that stretch is under water. That average is $205.93 — a volume-weighted average of daily closes over 100 sessions, not a true tick-by-tick VWAP. | -42.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 37% below the average price paid since it last reported on 2026-08-12 (its 10-Q), so the typical buyer over that stretch is under water. That average is $186.50 — a volume-weighted average of daily closes over 49 sessions, not a true tick-by-tick VWAP. | -36.6% |
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $214.00.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 11 trading days, since 2026-10-06.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 50-day moving average · Oversold (14-day RSI below 30) · Broke down to a new 20-day low · Printed a doji candle · Most volatile (6%+ typical daily range) · At the bottom of its 14-day range (stochastic below 20) | Learn: adx · rsi · breakout
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.27 mean, 1=Strong Buy…5=Strong Sell) — 11 analysts
- Mean price target$282.55 range $175.00 – $330.00; median $300.00
Analyst estimates, as of 2026-10-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CBRS
- Consensus EPS estimate-$0.1419 next reporting period, as of 2026-10-21
- Estimate change, 30 days-$0.00091 from -$0.1409, on 2026-09-16, 35-day window
- Readings revised upward0% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Concentration of revenue and dependencies on key customer relationships such as OpenAI and AWS.","High dependence on the successful deployment and market adoption of unique wafer-scale processor technology.","Operational risks related to scaling manufacturing, service delivery, and managing complex supply chain requirements."]
What changed in the latest 10-Q
AI-assisted comparison of CBRS's 10-Q filed 2026-08-12 against the prior one filed 2026-06-24.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-12) adds a new 'AWS' subsection under Recent Developments describing a June 2026 global hardware leasing agreement with Amazon Web Services, including that leases had not commenced and no revenue had been recognized as of June 30, 2026, and that a warrant was issued to AWS.
- Newer filing (2026-08-12) adds 'Note 10 - Debt' in the OpenAI Collaboration paragraph instead of the older filing's 'Note 10 – Working Capital Loan' (which is a change in note reference, see wording_changes).
- Removed:
- Older filing (2026-06-24) contains the sentence 'As a result, our unaudited condensed consolidated financial statements as of March 31, 2026 do not reflect the impact of the IPO.' in the Initial Public Offering subsection, which is not present in the newer filing.
- Older filing (2026-06-24) contains the sentence 'Also beginning in the first quarter of 2026, we began amortization of customer warrant assets as a reduction in revenue. Refer to Note 12 - Common Stock, for additional information on warrants issued to customers. This non-cash reduction in revenue negatively impacts sequential revenue growth trends in the near term.' in the Cloud and Other Services subsection, which is not present in the newer filing's visible text.
- Older filing (2026-06-24) uses 'on-premise' in Hardware Solutions; newer filing uses 'on-premises'.
- Reworded:
- OpenAI Collaboration subsection: Older filing says 'During the three months ended March 31, 2026, we began recognizing revenue...'; newer filing says 'In the first quarter of 2026, we began recognizing revenue...'
- OpenAI Collaboration subsection: Older filing references 'Note 10 – Working Capital Loan'; newer filing references 'Note 10 - Debt'.
- OpenAI Collaboration subsection: Older filing says 'The Company has to date repaid, and expects to continue to repay, the balance using non-cash service credits.'; newer filing says 'The Company has to date repaid a portion of the balance using non-cash service credits and expects to continue to repay the balance using non-cash service credits.'
- Initial Public Offering subsection: Older filing references 'Note 17 – Subsequent Events'; newer filing references 'Note 2 - Basis of Presentation and Summary of Significant Accounting Policies'.
- Initial Public Offering subsection: Newer filing omits the sentence about financial statements as of March 31, 2026 not reflecting the IPO impact.
- Hardware Solutions subsection: Older filing says 'on-premise'; newer filing says 'on-premises'.
- Hardware Solutions subsection: Older filing says 'Refer to Note 12 - Common Stock, for additional information...'; newer filing says 'Refer to Note 12 - Common Stock for additional information...' (comma removed).
- Cloud and Other Services subsection: Older filing includes a paragraph on warrant asset amortization as a reduction in revenue and the related Note 12 reference; newer filing's visible text ends mid-sentence with 'The On-Demand mod' and does not show the full remainder of the section.
- Notes:
- The newer filing text is truncated mid-sentence in the Cloud and Other Services section ('The On-Demand mod'), so changes after that point cannot be assessed.
- Only the visible portion of each filing's MD&A was provided; additions or removals beyond the truncated text are not assessable.
Risk Factors
- Added:
- Newer filing (2026-08-12) states revenue of $373.5 million for the six months ended June 30, 2026.
- Newer filing (2026-08-12) page numbering: risk factors section begins on page 45 after the intro paragraph.
- Removed:
- Older filing (2026-06-24) stated revenue of $193.4 million for the three months ended March 31, 2026.
- Older filing (2026-06-24) page numbering: risk factors section begins on page 41 after the intro paragraph, with a 'Table of Contents' break at page 42.
- Reworded:
- Newer filing (2026-08-12) changed the revenue period reference from 'three months ended March 31, 2026' (older, filed 2026-06-24) to 'six months ended June 30, 2026'.
- Older filing (2026-06-24) stated 'Any significant fluctuations of supply and demand or disruption to our supply chain'; newer filing (2026-08-12) states 'Any significant fluctuations in supply and demand or disruption to our supply chain'.
- Notes:
- The last sentence in the newer filing is truncated ('we will need to appropriately scale our internal business systems'), and the older filing's last sentence is also truncated ('we will need to appropriately scale our int').
- Only the portions of the Risk Factors section provided in each filing were compared.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 203 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 30 days · read to 2026-10-160 buys · 45 sells ($113M) — 4 selling insiders
- Last 90 days · read to 2026-10-160 buys · 203 sells ($388M) — 7 selling insiders
- Last 180 days · read to 2026-10-160 buys · 333 sells ($408M) — 7 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-29. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CBRS's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding CBRS as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 20,503,216
- Reported value $4,531,210,800
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about CBRS's institutional holders → See what each manager we track holds →
Short interest (FINRA)
CBRS had 14,118,546 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for CBRS because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 14,118,546
- Prior settlement (shares) 12,802,090
- Reported change 10.28%
- Days to cover (reported) 2.1
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- NVIDIA (NVDA)
- Advanced Micro Devices (AMD)
- Google (GOOGL) (TPU team)
- Amazon Web Services (Trainium/Inferentia)
- Groq
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Cerebras Systems Inc. (CBRS) do?
Cerebras Systems designs and builds high-performance AI infrastructure centered on its proprietary wafer-scale processor technology. The company provides both on-premises AI supercomputing systems and cloud-based consumption models for training and serving large-scale foundation models. It also offers technical AI services, including model co-development and hardware operations support, to enterprise and hyperscale customers.
What sector is Cerebras Systems Inc. (CBRS) in?
Cerebras Systems Inc. (CBRS) is classified in the Information Technology sector. Its industry is AI Hardware & Infrastructure. It trades on NASDAQ.
Who are Cerebras Systems Inc.'s (CBRS) competitors?
Notable peers of Cerebras Systems Inc. (CBRS) include NVIDIA, Advanced Micro Devices, Google (GOOGL) (TPU team), Amazon Web Services (AWS) (Trainium/Inferentia) and Groq. This peer set is informational only — not financial advice.
Is Cerebras Systems Inc. (CBRS) overbought or oversold right now?
Cerebras Systems Inc. (CBRS) is currently in oversold territory (its 14-day RSI is 24, below 30) (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CBRS come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.