Cerebras Systems Inc. announced financial results for the first quarter of fiscal year 2026, ended March 31, 2026, reporting GAAP quarterly revenue of $193.4 million and record core revenue of $191.3 million, up 92% from a year ago. The company announced a multi-year deal with OpenAI for 750MW valued at more than $20 billion and launched a multi-year partnership with Amazon to bring Cerebras’ fast inference to AWS. Cerebras raised $6.4 billion in Q2 in the largest semiconductor IPO of all time. Additional highlights include the co-launch of Codex-Spark, a model delivering more than 1,000 tokens per second, and enterprise customer trials of Kimi K2.6 and Gemma 4.