AI chip company Cerebras Systems raised its key revenue outlook this year, but the stock fell about 14 percent in after-hours trading after its earnings release.

CNBC reported on Aug. 12 that Cerebras

In its second earnings report since listing, the company guided key core revenue for the current quarter at $214 million to $216 million. Second-quarter core revenue was $210 million.

Cerebras also raised its full-year outlook. It lifted its 2026 core revenue forecast to $880 million to $890 million from $855 million to $865 million. It expects current-quarter core gross margin to widen to 38 percent to 40 percent.

Cerebras posted a second-quarter net loss of $450.5 million. It swung to a loss from net profit of $309.5 million, or $1.91 per share, a year earlier. Most of the loss was due to $386.6 million in stock-based compensation costs.

Chief Executive Andrew Feldman (앤드루 펠드먼) said AI demand is very strong and companies are paying premium prices for the company's inference chips. Cerebras is competing with Nvidia in low-latency AI tasks that require fast responses.

Cerebras set its IPO price at $185 when it listed on Nasdaq in May and raised $6.4 billion. The stock closed at $262.06 on Aug. 12, 42 percent above the IPO price, but it is down from its May peak.