Cerebras Systems reported $25.4B of remaining performance obligations at 30 Jun 2026 and up 2% from the previous quarter. Book-to-bill last quarter: 3.22.
Net new backlog added in the latest quarter: $400M.
The company reports 22% of the backlog due within the first 24 months.
Customer prepayments (contract liabilities) cover 0.7% of the backlog.
By backlog size it ranks 37th among US filers the cockpit tracks.
Cerebras Systems backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Jun 2026
$25.4B
n/a
n/a
$174M
31 Mar 2026
$25.0B
n/a
n/a
$150M
Questions
What is Cerebras Systems's backlog?
Cerebras Systems reported $25.4B of remaining performance obligations at 30 Jun 2026 and up 2% from the previous quarter. Book-to-bill last quarter: 3.22.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.