$CRBS (Bloomberg) -- Cerebras Systems forecast revenue for the third quarter of about $214 million to $216 million. THIRD QUARTER FORECAST Sees revenue about $214 million to $216 million, estimate $211.9 million (Bloomberg Consensus) YEAR FORECAST Sees revenue $880 million to $890 million, saw $855 million to $865 million, estimate $867.6 million SECOND QUARTER RESULTS Revenue $180.1 million, +74% y/y, estimate $194 million Loss per share $2.98 vs. EPS $1.91 y/y Hardware revenue $54.1 million, -23% y/y, estimate $73.1 million Cloud revenue $126.0 million vs. $33.0 million y/y, estimate $116.3 million Gross margin 14%, estimate 26.3% Operating expense $502.8 million vs. $89.3 million y/y COMMENTARY AND CONTEXT Increased data center capacity, live and under contract for delivery by the end of 2027 to more than 600 MW. Increased pipeline of data center opportunities to gigawatts New factory lines added at contract manufacturers Flex, Sanmina, and Rocket EMS. Manufacturing capacity to increase more than 10x in 2026 Secured TSMC wafer supply needed for continued growth. Well positioned with other component vendors to meet the rapid growth forecasted in 2027 and beyond Sees 3Q core gross margin in the range of 38% - 40% Sees full-year core gross margin in the range of 41% - 43%