Cerebras Systems reported second-quarter 2026 financial results for the period ended June 30, 2026, with GAAP cloud revenue growing 281% and core cloud revenue growing 287% year-over-year. Core total revenue reached $209.9 million, up 103%, while GAAP total revenue was $180.1 million, up 74%. GAAP cloud and other services revenue hit a record $126.0 million, and core cloud revenue reached $127.7 million. Core gross margin was 41%, an improvement of approximately 940 basis points from Q2'25, while core operating margin improved by approximately 2,600 basis points to (16%). The company reported cash, cash equivalents, restricted cash, and short-term investments of $8.6 billion and debt capacity of $850 million. Cerebras raised $6.4 billion in gross proceeds through its IPO and closed a revolving credit facility for up to $850 million. Remaining performance obligations totaled $25.4 billion as of June 30, 2026. The company secured 600 MW of data center capacity under contract and plans to scale manufacturing capacity more than 10x in 2026. Cerebras is an OpenAI launch partner for frontier model GPT-5.6 Sol and has partnerships with AMD and AWS in disaggregated inference. CEO Andrew Feldman noted core revenue more than doubled to $210 million, and CFO Bob Komin said the company plans to more than triple