CBRS vs. MTSI: Cerebras Systems vs. MACOM Stock Comparison

November 11, 2026

How do Cerebras Systems (CBRS) and MACOM (MTSI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cerebras Systems (CBRS) and MACOM (MTSI) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

MACOM (MTSI) has been public since March 15, 2012 with a meaningfully longer listed history, while Cerebras Systems (CBRS) only listed on May 14, 2026 — long-window metrics on the CBRS side should be interpreted with caution.

Company profile comparison for Cerebras Systems (CBRS) and MACOM (MTSI)
Profile Item	CBRS	MTSI
Name	Cerebras Systems Inc. Class A Common Stock	MACOM Technology Solutions Holdings, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	21.30 billion USD	16.11 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	May 14, 2026	March 15, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CBRS

MTSI

GSPC

Cerebras Systems (CBRS) vs. MACOM (MTSI), with S&P 500 (GSPC) for reference: 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 MACOM (MTSI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cerebras Systems (CBRS) and MACOM (MTSI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Total Return (1Y)	--	33.29%
Total Return (3Y, Annualized)	--	46.28%
Total Return (5Y, Annualized)	--	25.03%

Risk Profile

Drawdown History

CBRS

MTSI

GSPC

Cerebras Systems (CBRS) vs. MACOM (MTSI), with S&P 500 (GSPC) for reference: 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 MACOM (MTSI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Volatility (1Y, Annualized)	113.27%	68.69%
Beta (5Y)	1.86	1.83
Max Drawdown (5Y)	-73.73%	-53.54%
Avg. Volume (3M)	8.89M	1.51M

Risk-Adjusted Performance

Risk-Return Positioning

Both CBRS and MTSI need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Sharpe Ratio (1Y)	--	0.42
Sortino Ratio (1Y)	--	0.58

Profitability

ROE (TTM)

Capital efficiency shows on one side only: MACOM (MTSI) earns 22.17% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.

CBRS

Semiconductors & Semiconductor Equipment industry group

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

MTSI

Semiconductors & Semiconductor Equipment industry group

22.17%

Max: 52.82%
Q3: 22.26%
MTSI: 22.17%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Cerebras Systems (CBRS) vs. MACOM (MTSI): CBRS does not report ROE, so it has no value marker; MTSI is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

Net Margin (TTM)

Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile MACOM (MTSI) reports 25.25%, ranking against industry peers normally.

CBRS

Semiconductors & Semiconductor Equipment industry group

-75.27%

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

MTSI

Semiconductors & Semiconductor Equipment industry group

25.25%

Max: 63.80%
Q3: 28.36%
MTSI: 25.25%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile MACOM (MTSI) reports 31.66%, ranking against industry peers normally.

CBRS

Semiconductors & Semiconductor Equipment industry group

-264.97%

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

MTSI

Semiconductors & Semiconductor Equipment industry group

31.66%

Max: 58.66%
MTSI: 31.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
ROE (TTM)	--	22.17%
ROA (TTM)	--	8.66%
Net Margin (TTM)	-75.27%	25.25%
Operating Margin (TTM)	-264.97%	31.66%
Gross Margin (TTM)	34.90%	58.11%

Growth

Revenue Growth

Only one side can be read here: Cerebras Systems (CBRS) reports revenue growth of 75.71%, ranked against its industry; MACOM (MTSI) has no revenue growth figure this period.

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Cerebras Systems (CBRS) nor MACOM (MTSI) reports a EPS growth value for this period, so a direct comparison isn't possible.

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Revenue Growth (YoY)	75.71%	--
Revenue Growth (3Y CAGR)	174.64%	--
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	49.88%

Financial Strength

Current Ratio (MRQ)

MACOM (MTSI) at 2.54 keeps current ratio within its industry’s typical mid-range, while Cerebras Systems (CBRS) at 5.83 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

CBRS

Semiconductors & Semiconductor Equipment industry group

5.83

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

MTSI

Semiconductors & Semiconductor Equipment industry group

2.54

Max: 10.33
Q3: 5.62
Median: 3.33
MTSI: 2.54
Q1: 2.35
Min: 1.03

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Cerebras Systems (CBRS) at 0.16 and MACOM (MTSI) at 0.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.16

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

MTSI

Semiconductors & Semiconductor Equipment industry group

0.24

Max: 1.46
Q3: 0.65
Median: 0.27
MTSI: 0.24
Q1: 0.04
Min: 0.00

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Current Ratio (MRQ)	5.83	2.54
Debt / Equity (MRQ)	0.16	0.24
Net Debt / EBITDA	--	-1.04

Dividends

Dividend Yield (TTM)

Neither Cerebras Systems (CBRS) nor MACOM (MTSI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.00%

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

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

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

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Cerebras Systems (CBRS) nor MACOM (MTSI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CBRS

Semiconductors & Semiconductor Equipment industry group

0.00%

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

MTSI

Semiconductors & Semiconductor Equipment industry group

0.00%

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

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: MACOM (MTSI) trades at 48.95 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.

CBRS

Semiconductors & Semiconductor Equipment industry group

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

MTSI

Semiconductors & Semiconductor Equipment industry group

48.95

Max: 110.34
Q3: 66.81
MTSI: 48.95
Median: 37.02
Q1: 23.96
Min: 8.12

Cerebras Systems (CBRS) vs. MACOM (MTSI): CBRS does not report P/E ratio, so it has no value marker; MTSI is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

P/S Ratio (TTM)

MACOM (MTSI) at 12.14 prices around its industry’s typical P/S ratio, while Cerebras Systems (CBRS) at 31.30 clears its benchmark range — CBRS looks notably rich on sales.

CBRS

Semiconductors & Semiconductor Equipment industry group

31.30

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

MTSI

Semiconductors & Semiconductor Equipment industry group

12.14

Max: 21.42
Q3: 12.27
MTSI: 12.14
Median: 5.76
Q1: 2.73
Min: 0.00

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Cerebras Systems (CBRS) at 2.23 looks cheap against book in the lower P/B ratio quartile, while MACOM (MTSI) at 9.50 carries a premium in the upper quartile — a clear price-to-book gap.

CBRS

Semiconductors & Semiconductor Equipment industry group

2.23

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

MTSI

Semiconductors & Semiconductor Equipment industry group

9.50

Max: 14.06
MTSI: 9.50
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Cerebras Systems (CBRS) vs. MACOM (MTSI): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Cerebras Systems (CBRS) and MACOM (MTSI)
Metric	CBRS	MTSI
P/E Ratio (TTM)	--	48.95
P/S Ratio (TTM)	31.30	12.14
P/B Ratio (MRQ)	2.23	9.50
Free Cash Flow Yield (TTM)	--	1.15%