CBRS vs. ON: Cerebras Systems vs. ON Semiconductor Stock Comparison

Company Profile

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

ON Semiconductor (ON) has been public since May 2, 2000, giving it decades of market history across multiple cycles, while Cerebras Systems (CBRS) listed only on May 14, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: ON Semiconductor (ON) earns 8.91% on shareholders’ equity, ranked against its industry; Cerebras Systems (CBRS) has no ROE this period.

Cerebras Systems (CBRS) reports a negative net margin of -75.27%, usually indicating a net loss over the period. Meanwhile ON Semiconductor (ON) reports 10.82%, ranking against industry peers normally.

Cerebras Systems (CBRS) reports a negative operating margin of -264.97%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile ON Semiconductor (ON) reports 22.23%, ranking against industry peers normally.

Profitability Metrics

Growth

Cerebras Systems (CBRS) at 75.71% delivers above-range revenue growth, while ON Semiconductor (ON) at -15.35% falls into the bottom quartile — a wide split in revenue momentum.

Only one side can be read here: ON Semiconductor (ON) reports EPS growth of -92.01%, ranked against its industry; Cerebras Systems (CBRS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

ON Semiconductor (ON) at 3.55 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.

Both Cerebras Systems (CBRS) at 0.16 and ON Semiconductor (ON) at 0.62 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

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

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

Dividend Metrics

Valuation

An earnings multiple is available for just one side: ON Semiconductor (ON) trades at 37.02 times trailing earnings, ranked against its peers, while Cerebras Systems (CBRS) has no P/E ratio this period.

ON Semiconductor (ON) at 3.87 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.

Cerebras Systems (CBRS) at 2.23 sits in the lower P/B ratio quartile against book while ON Semiconductor (ON) at 3.26 is valued near its industry’s middle — CBRS is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics