Management remarks
Call period: 2026 Q2 · 2026-08-12
Guidance: Robert Komin: For Q3 2026, we expect core revenue to be in the range of $214 million to $216 million, core gross margin in the range of 38% to 40% and core operating margin in the range of minus 25% to minus 23%.Demand and orders: Robert Komin: The demand for fast inference continues to be strong with several late-stage hardware deals representing hundreds of millions of dollars in the pipeline from new customers as well as significant new cloud deals for 2027.Margins: Robert Komin: Looking forward, we expect Q3 to be the low point for core gross margin before improving significantly in Q4 '26 as we bring on more data centers filled with lower-cost Cerebras-owned systems.Analyst Q&A
Analyst Timothy Arcuri asked: I know that Andrew said that revenue is going to grow 3x, but is there any sense in terms of how much your manufacturing capacity will actually grow next year, year-over-year? Management Robert Komin answered: We're going to end the year well over 10x our manufacturing capacity. And we already have contracted facilities 3x or 4x more for growth in 2027, and we still have some time to contract for more. So we're looking at enormous growth over a several year period.管理层陈述
电话会期间：2026 Q2 · 2026-08-12
指引：罗伯特·科明：我们预计2026年第三季度核心营收区间为2.14亿至2.16亿美元，核心毛利率区间为38%至40%，核心营业利润率区间为负25%至负23%。需求与订单：罗伯特·科明：对快速推理的需求依然强劲，来自新客户的数笔后期硬件交易在途金额达数亿美元，另有2027年的大量新云服务订单。利润率：罗伯特·科明：展望未来，我们预计第三季度将成为核心毛利率的低点，随着启用更多搭载低成本Cerebras自有系统的数据中心，2026年第四季度毛利率将大幅改善。分析师问答
分析师蒂莫西·阿尔库里询问，已知公司营收明年将增长3倍，请问明年其制造产能同比实际会增长多少。管理层罗伯特·科明回应称，公司年底的制造产能将远超当前的10倍，已签约2027年增长所需的3至4倍额外产能，仍有时间签约更多产能，未来数年将实现强劲增长。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
