Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from the loss of $0.46 a year earlier.
Analysts polled by FactSet expected a loss of $0.16.
Revenue in the three months ended March 31 rose to $193.4 million from $99.5 million a year earlier.
Analysts expected $181.2 million.
The company expects Q2 non-GAAP revenue of about $194 million. Analysts project $177.7 million.
Cerebras expects full-year non-GAAP revenue of $855 million to $865 million. Analysts forecast $828 million.
Cerebras shares fell 7.6% in after-hours trading.
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