Cerebras, the Sunnyvale-based artificial intelligence chip maker, filed an investor prospectus on Friday to list its shares on the stock market, according to The New York Times. The Times reports that the filing marks the company's renewed attempt to go public after an earlier effort was shelved.

Financials Disclosed in the Filing

In the prospectus, Cerebras disclosed that its revenue rose 75 percent last year to $510 million, according to the Times. The company also reported swinging to an annual profit of $238 million from a net loss in 2024, per the filing summary described in the Times article.

The Times linked directly to the prospectus filed with the Securities and Exchange Commission, dated April 2026. Cerebras has not, in the portion of the filing surfaced by the Times, publicly detailed the size or price range of the offering.

A Second Attempt at Going Public

Cerebras initially filed to list its shares in the fall of 2024, the Times reports. The company subsequently raised additional private funding and withdrew its offering plans, as reported by CNBC in a piece cited by the Times, which noted that Cerebras did not provide a reason for the withdrawal.

Cerebras revealed that its revenue rose 75 percent last year to $510 million and that it swung to an annual profit of $238 million from a net loss in 2024.

The 2024 prospectus, according to the Times, showed that Cerebras's business relied heavily on a single customer that was also an investor: G42, an AI company backed by the United Arab Emirates. The Times reports that G42 represented 87 percent of Cerebras's revenue in the first half of 2024. The updated 2026 filing's customer concentration figures were not detailed in the Times report.

Competitive Landscape

The market for AI chips includes Nvidia, the Times reports, describing it as a "chip empire" that Cerebras and others are attempting to compete with. The Times notes that Google and Amazon are generating billions of dollars in revenues with their specialized AI chips, citing its own prior reporting from January 2026.

Other start-ups competing in the chip market include Graphcore and SambaNova, according to the Times. Cerebras makes specialized computer chips for building AI technologies and delivering them to businesses and consumers, the Times reports.

Part of a Broader IPO Wave

Cerebras's filing arrives alongside a cluster of prospective technology listings, according to the Times. Earlier this month, SpaceX, Elon Musk's rocket and satellite company, filed to list its shares in what the Times describes as likely to be one of the largest-ever public offerings. The Times values SpaceX at more than $1 trillion.

The Times also reports that AI companies OpenAI and Anthropic have taken early steps to go public. The Times notes that these larger offerings "could suck the oxygen out of other I.P.O.s by commanding most investor attention."

The Times article was written by technology reporter Cade Metz.