---
title: "Cerebras revenue and valuation"
description: "Cerebras' revenue is estimated at $460M–$1.24B, last reported at $720M. Valued at $23B after raising $4.67B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/cerebras.md
canonical_url: https://www.tryspecter.com/revenue-valuation/cerebras
publisher: Specter
last_updated: 2026-11-01
---

# Cerebras revenue and valuation

Specter estimates Cerebras' annual revenue at $460M to $1.24B and its valuation at $31.7B to $53.2B. The company last reported $720M revenue in June 2026 and was priced at $23B in February 2026.

Cerebras Systems makes wafer-scale AI processors and systems for large-scale training and inference.

- Estimated revenue: $460M to $1.24B (October 2026)
- Estimated valuation: $31.7B to $53.2B (October 2026)
- Last reported revenue: $720M (June 2026)
- Total funding: $4.67B
- Founded: 2016
- Headquarters: Sunnyvale, United States
- Employees: 1,063
- Sector: AI chips
- Specter Rank: #421,675

## Cerebras revenue

Cerebras grew from $413M revenue in June 2025 to $720M in June 2026. Specter's model puts current revenue between $460M and $1.24B, anchored to six reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $720M revenue | June 2026 | [Cerebras shares plummet 16% after results fail to impress investors](https://reuters.com/business/cerebras-raises-annual-targets-strong-ai-chip-demand-2026-08-12/) (reuters.com) |
| $774M revenue | March 2026 | [Cerebras falls 8% after chipmaker forecasts shrinking margin in first earnings report since IPO](https://www.cnbc.com/2026/06/23/cerebras-cbrs-q1-earnings-report-2026.html) (cnbc.com) |
| $2.04B revenue | March 2026 | [Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation](https://thenextweb.com/news/cerebras-ipo-3-5-billion-updated-prospectus) (thenextweb.com) |
| $774M revenue | March 2026 | [google.com](https://www.google.com/finance/quote/CBRS:NASDAQ) |
| $510M revenue | December 2025 | [Cerebras files for IPO — company remains unprofitable despite 20x revenue growth](https://www.tomshardware.com/tech-industry/artificial-intelligence/cerebras-files-for-ipo-company-remains-unprofitable-despite-20x-revenue-growth) (tomshardware.com) |
| $413M revenue | June 2025 | [google.com](https://www.google.com/finance/quote/CBRS:NASDAQ) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $750M | $460M | $1.24B |
| September 2026 | $760M | $490M | $1.19B |
| August 2026 | $790M | $570M | $1.09B |
| July 2026 | $770M | $600M | $990M |
| June 2026 | $720M | $600M | $870M |
| May 2026 | $740M | $540M | $1B |
| April 2026 | $760M | $580M | $980M |
| March 2026 | $770M | $640M | $930M |
| February 2026 | $670M | $480M | $940M |
| January 2026 | $590M | $450M | $760M |
| December 2025 | $510M | $420M | $610M |
| November 2025 | $490M | $280M | $870M |
| October 2025 | $480M | $280M | $790M |
| September 2025 | $460M | $300M | $700M |
| August 2025 | $440M | $330M | $590M |
| July 2025 | $430M | $340M | $540M |
| June 2025 | $410M | $340M | $500M |
| May 2025 | $280M | $96M | $460M |
| April 2025 | $230M | $93M | $360M |
| March 2025 | $131M | $27M | $240M |
| February 2025 | $122M | $27M | $220M |
| January 2025 | $122M | $27M | $220M |
| December 2024 | $123M | $28M | $220M |
| November 2024 | $137M | $20M | $250M |
| October 2024 | $133M | $23M | $240M |
| September 2024 | $147M | $25M | $270M |
| August 2024 | $109M | $22M | $195M |
| July 2024 | $173M | $44M | $300M |
| June 2024 | $168M | $40M | $300M |

## Cerebras valuation

Cerebras' valuation rose from $89.7M at its Series A in May 2016 to $23B at its Series H in February 2026. Specter's live estimate sits between $31.7B and $53.2B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $41.1B | $31.7B | $53.2B |
| September 2026 | $39B | $30.6B | $49.7B |
| August 2026 | $38.9B | $31.2B | $48.7B |
| July 2026 | $37.4B | $30.6B | $45.6B |
| June 2026 | $38B | $31.6B | $45.7B |
| May 2026 | $56.4B | $46.9B | $67.8B |
| April 2026 | $41.8B | $33.9B | $51.6B |
| March 2026 | $31B | $25.5B | $37.8B |
| February 2026 | $23B | $19.1B | $27.6B |
| January 2026 | $13.6B | $11.2B | $16.4B |
| December 2025 | $8B | $6.65B | $9.62B |
| November 2025 | $8.05B | $6.6B | $9.81B |
| October 2025 | $8.1B | $6.74B | $9.74B |
| September 2025 | $8.1B | $6.74B | $9.74B |
| August 2025 | $8.53B | $5.46B | $13.3B |
| July 2025 | $8.99B | $6B | $13.5B |
| June 2025 | $9.47B | $6.36B | $14.1B |
| May 2025 | $9.98B | $6.46B | $15.4B |
| April 2025 | $10.5B | $6.8B | $16.3B |
| March 2025 | $11.1B | $6.38B | $19.2B |
| February 2025 | $11.7B | $6.59B | $20.7B |
| January 2025 | $12.3B | $6.37B | $23.7B |
| December 2024 | $13B | $7.02B | $23.9B |
| November 2024 | $13.7B | $8.07B | $23.1B |
| October 2024 | $14.4B | $9.07B | $22.8B |
| September 2024 | $15.2B | $11.1B | $20.7B |
| August 2024 | $16B | $9.62B | $26.5B |
| July 2024 | $16.8B | $12.6B | $22.5B |
| June 2024 | $17.7B | $13.4B | $23.5B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $38B | June 2026 | [news.crunchbase.com](https://news.crunchbase.com/public/data-billion-dollar-startup-exits-ma-ipo-spcx-q2-2026/) |
| $56.4B | May 2026 | [ft.com](https://www.ft.com/content/4848fbef-d9af-46ee-b6ef-ad344a7a3814) |
| $23B | February 2026 | Funding round |
| $8B | December 2025 | [startupnews.fyi](https://startupnews.fyi/2025/12/20/ai-chip-firm-cerebras-set-to-file-for-us-ipo-after-delay-sources-say/) |
| $8.1B | October 2025 | [digitimes.com](https://www.digitimes.com/news/a20251001PD234/cerebras-funding-startup-ai-chip-investment.html) |
| $8.1B | September 2025 | Funding round |
| $23B | January 2024 | [theinformation.com](https://www.theinformation.com/briefings/ai-chip-startup-cerebras-raises-1-billion-23-billion-valuation) |
| $4B | November 2021 | Funding round |
| $2.67B | November 2019 | Funding round |
| $1.78B | November 2018 | Funding round |
| $865M | July 2017 | Funding round |
| $245M | January 2017 | Funding round |
| $89.7M | May 2016 | Funding round |

## Cerebras funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 15 Apr 2026 | Debt financing | $850M | Undisclosed | Undisclosed |
| 4 Feb 2026 | Series H | $1B | $23B | Tiger Global Management, Atreides Management, Fidelity |
| 5 Jan 2026 | Debt financing | $1B | Undisclosed | OpenAI |
| 3 Dec 2025 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 30 Sep 2025 | Series G | $1.1B | $8.1B | Atreides Management, Fidelity |
| 27 Sep 2024 | Venture round | Undisclosed | Undisclosed | Undisclosed |
| 1 Jul 2023 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 10 Nov 2021 | Series F | $250M | $4B | Alpha Wave Ventures |
| 27 Nov 2019 | Series E | $272M | $2.67B | Undisclosed |
| 14 Nov 2018 | Series D | $81M | $1.78B | Undisclosed |
| 1 Jul 2017 | Series C | $65M | $865M | Vy Capital |
| 19 Jan 2017 | Series B | $25M | $245M | Coatue |
| 5 May 2016 | Series A | $27.2M | $89.7M | Eclipse, Foundation Capital, Benchmark |

## Cerebras vs competitors

AI compute providers compete by balancing extreme model training power against efficient, low-latency inference performance.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Cerebras | $460M–$1.24B | $31.7B–$53.2B |
| NVIDIA (nvidia.com) | $236B–$384B | $4.73T–$17.3T |
| AMD (amd.com) | $40B–$58.3B | $44B–$278B |
| Intel Corporation (intel.com) | $49.8B–$72B | $43.5B–$369B |
| SambaNova Systems (sambanova.ai) | $42M–$310M | $9.15B–$14.4B |

## Questions

### What is Cerebras' revenue?

Specter estimates Cerebras' annual revenue at $460M to $1.24B as of October 2026. Cerebras last reported $720M revenue in June 2026, up from $413M in June 2025.

### What is Cerebras' valuation?

Cerebras' latest post-money valuation is $23B, from a February 2026 Series H. Specter's live estimate is $31.7B to $53.2B.

### What is Cerebras' revenue multiple?

Cerebras is valued at about 31.9× revenue, based on its $23B February 2026 valuation and $720M last reported revenue. That works out to roughly $678K of revenue per employee.

### How much funding has Cerebras raised?

$4.67B across 13 rounds, from a $27.2M Series A in May 2016 to an $850M debt financing in April 2026.

### Who invested in Cerebras?

28 investors, including Alpha Wave Ventures, Atreides Management, Fidelity, OpenAI, Tiger Global Management and Vy Capital.

### Who are Cerebras' competitors?

NVIDIA, AMD, Intel Corporation and SambaNova Systems. Specter ranks 30 competitors for Cerebras.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Cerebras revenue and valuation." tryspecter.com/revenue-valuation/cerebras. Updated November 2026.