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Canaan (CAN)
NASDAQ:CAN
Earnings Data
Report Date
Nov 18, 2025Before Open (Confirmed)
Period Ending
2025 (Q3)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call indicated strong financial performance and growth in key areas such as revenue, gross profit, and Bitcoin production. However, challenges remain, particularly concerning operating losses and the impact of U.S. tariff policies. The company is optimistic about future prospects and is focusing on strategic expansions and product developments.Company Guidance
Record Quarterly Revenue
Total revenue for Q2 reached $100.2 million, up 40% year-over-year, breaking the $100 million mark.
Strong Growth in Gross Profit
Gross profit rose to $9.3 million, a significant increase from $0.6 million in Q1.
Positive EBITDA
EBITDA turned profitable at $1.68 million and adjusted EBITDA reached $25.3 million, both hitting record highs since Q1 2024.
Significant Increase in Avalon Home Miner Revenue
Revenue from Avalon Home Miners increased 359% from $1.3 million in the previous quarter to $5.7 million.
Growth in Bitcoin Production and Revenue
Self-mining operations produced 284 Bitcoins, up 9.4% from the previous quarter, with mining revenue reaching a record $28.1 million, an increase of over 15%.
Expansion in North America
Manufacturing capability in the U.S. is now operational, complementing existing capacity in Malaysia, and helping meet demand despite tariff challenges.
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 |
|---|---|---|---|
Aug 14, 2025 | $0.82 | $0.78 | -4.88% |
May 20, 2025 | $0.82 | $0.76 | -7.32% |
Mar 26, 2025 | $1.08 | $0.94 | -12.96% |
Nov 20, 2024 | $1.59 | $1.67 | +5.03% |
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 (CAN) report earnings?
Canaan (CAN) is schdueled to report earning on Nov 18, 2025, Before Open (Confirmed).
What is Canaan (CAN) earnings time?
Canaan (CAN) earnings time is at Nov 18, 2025, 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 2025 (Q3) is >-0.01.