Cerebras Systems raised its full-year core revenue and gross margin guidance, expecting core revenue to reach $880 million to $890 million.
AI chipmaker Cerebras Systems (NASDAQ: CBRS) raised its full-year core revenue and gross margin guidance after its second-quarter revenue grew 74% to $180.1 million. The company now expects full-year core revenue to be between $880 million and $890 million, up from its previous forecast of $855 million to $865 million; core gross margin is expected to be between 41% and 43%, up from its previous forecast of 38% to 41%. Additionally, Cerebras expects third-quarter revenue to be between $214 million and $216 million, with a core gross margin of 38% to 40%.
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