The earnings call reflected strong revenue growth and successful product launches, particularly in non-US markets. However, significant challenges were noted due to tariff impacts and bitcoin price volatility, leading to strategic caution and withdrawal of full-year guidance.

Company Guidance -

Q2 2025

During the first quarter of 2025, Canaan Inc. faced significant challenges due to macroeconomic factors, including rising tariffs and volatile bitcoin prices. Despite these hurdles, the company reported revenues of $82.8 million, surpassing their guidance of $75 million and marking a 136% year-over-year increase. Their self-mining business produced 259 bitcoins, contributing to a mining revenue of over $24 million, a 59% sequential increase, supported by a competitive electricity cost of $4.2 per kilowatt hour. The average selling price per terahash rose by 30% sequentially to $10.5, driven by the high performance A15 series, which accounted for $45 million of the mining machine sales and 3.9 million terahash per second in computing power sold. However, due to the ongoing tariff uncertainty, Canaan withdrew its full-year revenue guidance and hash rate deployment targets, projecting a cautious revenue of $100 million for Q2 2025.

Record Revenue Growth

Total revenues for Q1 2025 reached $82.8 million, surpassing the previous guidance of $75 million, marking a 136% year-over-year increase.

Strong Performance in Mining Operations

The self-mining business delivered 259 bitcoins, up 39% quarter-over-quarter, with mining revenue reaching over $24 million, a 59% sequential increase.

Successful Launch and Sales of A15 Series

The A15 series contributed significantly to sales, achieving 5.5 exahash per second in total computing power sold, up 62.6% year-over-year.

Canaan (CAN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q2)	-0.05 / -	-0.035	―	―	―
May 20, 2025	2025 (Q1)	-0.07 / -0.27	-0.011	-2354.55% (-0.26)	―
Mar 26, 2025	2024 (Q4)	-0.09 / -0.33	-0.3	-10.00% (-0.03)	―
Nov 20, 2024	2024 (Q3)	-0.09 / -0.01	0.002	-850.00% (-0.02)	―
Aug 15, 2024	2024 (Q2)	-0.02 / -0.04	-0.043	18.60% (<+0.01)	―
May 17, 2024	2024 (Q1)	-0.04 / -0.01	-0.034	67.65% (+0.02)	―
Feb 27, 2024	2023 (Q4)	-0.02 / -0.30	-0.377	20.42% (+0.08)	―
Nov 28, 2023	2023 (Q3)	-0.02 / <0.01	0.003	-33.33% (>-0.01)	―
Aug 29, 2023	2023 (Q2)	0.07 / -0.04	0.035	-222.86% (-0.08)	―
May 26, 2023	2023 (Q1)	-0.09 / -0.03	0.025	-236.00% (-0.06)	―

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 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%
Aug 15, 2024	$0.83	$0.83	0.00%

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 Aug 14, 2025, Before Open (Confirmed).

What is Canaan (CAN) earnings time?

Canaan (CAN) earnings time is at Aug 14, 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 (Q2) is -0.05.

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