Canaan Q2 FY26 net loss widens to US$97.6 million; revenue falls 49.18% year over year to US$31.9 million

Reuters2026/09/08 10:31

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Canaan posted a Q2 GAAP net loss of US$97.61 million, widening from US$11.06 million a year earlier.
Revenue fell 68.2% year over year to US$31.86 million, led by products dropping to US$13.63 million from US$71.92 million.
Operating loss widened to US$69.46 million from US$27.07 million, hurt by a US$25.3 million inventory-related write-down.
Bitcoin mined totaled 243 BTC; crypto treasury ended at 1,915.50 BTC and 3,951.70 ETH.
Outlook calls for Q3 revenue of US$11 million to US$15 million; 16.4 million ADSs were repurchased for US$7.4 million as of Sept. 8.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609080630PR_NEWS_USPR_____CN42269) on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Canaan Q2 FY26 net loss widens to US$97.6 million; revenue falls 49.18% year over year to US$31.9 million

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