CEO.CA Chairman's Briefing

NEW YORK, NY - June 26, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Cerebras Systems Inc.  (“Cerebras” or the “Company”) (NASDAQ: CBRS).

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If you are a Cerebras investor and have suffered losses, or if you have information that could assist in the Cerebras investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.

Cerebras is an artificial intelligence (AI) infrastructure company that designs and manufactures AI compute platforms including processors and data centers. On or around May 14, 2026, Cerebras conducted an initial public offering (“IPO”), selling 30 million shares of Class A common stock at an offer price of $185 per share.

On June 23, 2026, after market close, Cerebras announced in a press release financial results for the first quarter of fiscal year 2026 and outlook for the second quarter of fiscal year 2026.  During the subsequent earnings call, the Chief Financial Officer stated that “[f]or the rest of 2026, in order to accelerate our ability to service the significant near-term demand in our contracted backlog, we've chosen to make more capacity available sooner by temporarily renting our own systems back from an existing customer while we aggressively build out and deploy our own data center capacity. The additional cost of renting third-party capacity will depress core cloud and other services margin temporarily from current levels. We expect the impact to be a decrease of 10 to 15 margin points based on the volumes we are now anticipating before beginning to [ramp back] towards our target margin of 60% plus as we transition away from our rented systems.”

Following this news, the price of Cerebras stock declined from a closing price on June 23, 2026 of $226.72 to close at $182.26 per share on June 24, 2026, a decline of $44.26 per share, or by 19.61%.

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If you have any questions about this investigation, please contact:

CONTACT:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

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