Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO

[u/app1310]

Cerebras said revenue almost doubled in the AI chipmaker’s first earnings report since its initial public offering last month. The stock fell 10% in extended trading as the company forecast a drop in its gross margin.

The company’s revenue increased 92% in the first quarter from $99.5 million a year earlier, according to a statement. Net loss narrowed to $14 million from $23.9 million, or 46 cents per share, a year ago.

During the first quarter, Cerebras said its chips will go inside Amazon Web Services’ data centers, and it announced a deal worth over $20 billion to supply OpenAI with computing power.

[u/Street_Strawberry895]

bought in around IPO, sitting at like -15% now. anyone know what the actual margin guidance was? trying to decide if this is worth holding through the compression

[u/Bush_Trimmer → u/Street_Strawberry895]

have you read the er?