Cerebras Systems (CBRS) Stock Analysis

November 11, 2026

This is a peer-relative look at Cerebras Systems (CBRS): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Cerebras Systems (CBRS)
Profile Item	CBRS
Name	Cerebras Systems Inc. Class A Common Stock
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	21.30 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	May 14, 2026
Security Type	Common Stock

Price Performance

Cumulative Growth

CBRS

GSPC

Cerebras Systems (CBRS) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cerebras Systems (CBRS) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cerebras Systems (CBRS) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Total Return (1Y)	--	35.06%
Total Return (3Y, Annualized)	--	22.14%
Total Return (5Y, Annualized)	--	7.43%

Risk Profile

Drawdown History

CBRS

GSPC

Cerebras Systems (CBRS) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cerebras Systems (CBRS) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Volatility (1Y, Annualized)	113.27%	73.97%
Beta (5Y)	1.86	1.84
Max Drawdown (5Y)	-73.73%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

CBRS needs both 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Sharpe Ratio (1Y)	--	0.42
Sortino Ratio (1Y)	--	0.61

Profitability

ROE (TTM)

No usable ROE is available for Cerebras Systems (CBRS) this period, so the shareholder-equity return read is skipped.

CBRS

Semiconductors & Semiconductor Equipment industry group

Group distribution

Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%
CBRS: --

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
AMD: 11.96%
CBRS: --

Cerebras Systems (CBRS) doesn’t report ROE this period; the box shows the Semiconductors & Semiconductor Equipment group’s distribution and the dots its largest members.

Net Margin (TTM)

Cerebras Systems (CBRS) has negative net margin of -75.27%. The trailing period ended in a net loss, so the bottom-line conversion read is a warning rather than a profitability strength.

CBRS

Semiconductors & Semiconductor Equipment industry group

-75.27%

Group distribution

Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%
CBRS: -75.27%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
AMD: 16.77%
CBRS: -75.27%

Where Cerebras Systems (CBRS) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Cerebras Systems (CBRS) has negative operating margin of -264.97%. Core operations were loss-making before interest and taxes over the trailing period.

CBRS

Semiconductors & Semiconductor Equipment industry group

-264.97%

Group distribution

Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%
CBRS: -264.97%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
AMD: 21.17%
CBRS: -264.97%

Where Cerebras Systems (CBRS) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
ROE (TTM)	--	10.58%
ROA (TTM)	--	4.85%
Net Margin (TTM)	-75.27%	11.44%
Operating Margin (TTM)	-264.97%	15.91%
Gross Margin (TTM)	34.90%	49.36%

Growth

Revenue Growth

Cerebras Systems (CBRS) grew revenue 75.71%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.

Cerebras Systems (CBRS): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

No usable EPS growth is available for Cerebras Systems (CBRS) this period, so the earnings-momentum read is skipped.

Cerebras Systems (CBRS) doesn't report EPS Growth this period; the bars show the Semiconductors & Semiconductor Equipment industry-group medians on their own.

Growth Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Revenue Growth (YoY)	75.71%	9.64%
Revenue Growth (3Y CAGR)	174.64%	0.00%
EPS Growth (YoY)	--	4.90%
EPS Growth (3Y CAGR)	--	-7.71%

Financial Strength

Current Ratio (MRQ)

Cerebras Systems (CBRS) has current ratio of 5.83, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

CBRS

Semiconductors & Semiconductor Equipment industry group

5.83

Group distribution

Max: 10.33
CBRS: 5.83
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
CBRS: 5.83
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Cerebras Systems (CBRS) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Cerebras Systems (CBRS) has debt-to-equity ratio of 0.16, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.16

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
CBRS: 0.16
Q1: 0.04
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
CBRS: 0.16
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04

Where Cerebras Systems (CBRS) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Current Ratio (MRQ)	5.83	3.33
Debt / Equity (MRQ)	0.16	0.27
Net Debt / EBITDA	--	-0.36

Dividends

Dividend Yield (TTM)

Cerebras Systems (CBRS) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 1.37%
Q3: 0.65%
CBRS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
NVDA: 0.15%
MU: 0.09%
CBRS: 0.00%
AMD: 0.00%

Where Cerebras Systems (CBRS) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Cerebras Systems (CBRS) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 49.64%
Q3: 21.71%
CBRS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
CBRS: 0.00%
SKHY: 0.00%
AMD: 0.00%

Where Cerebras Systems (CBRS) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for Cerebras Systems (CBRS) this period, so the trailing-earnings valuation read is skipped.

CBRS

Semiconductors & Semiconductor Equipment industry group

Group distribution

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12
CBRS: --

Largest peers

AMD: 95.95
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12
CBRS: --

Cerebras Systems (CBRS) doesn’t report P/E ratio this period; the box shows the Semiconductors & Semiconductor Equipment group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Cerebras Systems (CBRS) trades at 31.30 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

CBRS

Semiconductors & Semiconductor Equipment industry group

31.30

Group distribution

CBRS: 31.30
Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

CBRS: 31.30
AMD: 16.21
AVGO: 15.73
NVDA: 14.88
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Cerebras Systems (CBRS) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Cerebras Systems (CBRS) trades at 2.23 on P/B ratio, in the lower book-value quartile for its industry. Investors are paying less for the balance-sheet equity than they pay for most peers, with returns on that equity still central to the read.

CBRS

Semiconductors & Semiconductor Equipment industry group

2.23

Group distribution

Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
CBRS: 2.23
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
MU: 5.64
SKHY: 3.95
CBRS: 2.23

Where Cerebras Systems (CBRS) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Cerebras Systems (CBRS) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CBRS	Industry group median
P/E Ratio (TTM)	--	37.02
P/S Ratio (TTM)	31.30	5.76
P/B Ratio (MRQ)	2.23	4.29
Free Cash Flow Yield (TTM)	--	1.46%