Canaan Inc. (CAN)
NASDAQ:CAN
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Earnings Data
Report Date
Aug 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: the company executed several strategic initiatives (notably the ABC JV acquisition, strong YoY installed hash growth, A16 product progress, channel expansion and meaningful expense reductions) that strengthen its long-term positioning in energy-enabled computing infrastructure. At the same time, near-term financials were hurt by market-driven events — a sharp BTC price decline, a $25M inventory write-down, a $41M fair-value loss on digital assets and a sizable adjusted EBITDA loss (~$76M) — and management guided to lower revenues for Q2. Overall the company emphasized resilience, discipline and strategic progress but acknowledged meaningful short-term headwinds.Company Guidance
Revenue In Line With Guidance
Total revenue of ~$62.7M (CFO rounded to $63M) for Q1 2026, within prior guidance range; product revenue ~$42.9M and mining revenue ~$19.1M.
Mining Operations Remained Cash-Generative
Produced 257 BTC in the quarter and recognized ~$19.12M in mining revenue; mining continued to provide positive cash contribution and helped grow digital asset treasury.
Installed Hash Rate Growth and North America Expansion
Total installed hash rate ~11 EH/s at quarter end, up 66% year-over-year and 11% quarter-over-quarter; North America became dominant, contributing ~53.6% of product sales (up from ~11.5%).
Strategic ABC Acquisition — Low-Cost Power Assets
Acquired 49% interest in ABC JV (Alberta/Chief Mountain) via share exchange (issued ~54M ADS valued at $25M), onboarding ~6,840 A15 Pro machines and ~120 MW capacity; added ~4.82 EH/s to installed capacity; power costs below ~$0.03/kWh, preserving cash while expanding North American footprint.
Record Digital Asset Holdings and Market Value Recovery
Ended quarter with 1,808 BTC on balance sheet (market value ~$121M as of March 31, 2026) and noted post-quarter price recovery (~$77k BTC) lifting mark-to-market value toward ~$140M.
Product and R&D Progress — A16 Series and Next Gen
Avalon A16 XP launched (reported ~300 TH/s per unit and strong efficiency/stability feedback); A16 mass-production readiness advanced and next-generation chip tape-outs completed, supporting future product roadmap.
Cost and Organizational Discipline
Total operating expenses reduced to ~$31M (11% sequential reduction and 18% YoY); R&D down 19% YoY, selling down 59% YoY, G&A down 11% YoY — reflecting active expense control and organizational optimization.
Channel Expansion for Consumer/Home Segment
Avalon home series expanded into retail channels including Best Buy Canada and Amazon; home segment revenue of ~$2.7M in the quarter with product upgrades targeted for H2 to grow contribution.
Commercial Diversification — Energy Utilization Use Case
Sold ~8 MW of hydro equipment to a Nordic customer for district heating (heat-recovery use case), demonstrating mining hardware application beyond pure coin-mining.
Preserved Liquidity and Capital-Efficient M&A Structure
ABC JV acquired via share issuance (no cash outlay) to secure high-quality power assets while preserving $43M cash balance at quarter end and collecting ~$42M in receivables post-quarter.
CAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 19, 2026 | $0.48 | $0.42 | -13.49% |
Feb 10, 2026 | $0.61 | $0.56 | -6.77% |
Nov 18, 2025 | $0.85 | $1.03 | +21.18% |
Aug 14, 2025 | $0.82 | $0.78 | -4.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Canaan Inc. (CAN) report earnings?
Canaan Inc. (CAN) is schdueled to report earning on Aug 13, 2026, Before Open (Confirmed).
What is Canaan Inc. (CAN) earnings time?
Canaan Inc. (CAN) earnings time is at Aug 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAN EPS forecast?
CAN EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.