Canaan Q2 EPS and Revenue Miss Estimates

EarningsDigital Finance
โดย Seeking Alpha·US·Read original
Summary · why it matters

Canaan reported second-quarter 2026 GAAP EPS of -$0.90, missing estimates by $0.84, and revenue of $31.86 million, down 68.2% year-over-year and missing by $6.79 million. The company achieved a record cryptocurrency treasury of 1,915 BTC and 3,952 ETH, and mined 243 bitcoins during the quarter. As of September 8, 2026, Canaan had repurchased approximately 16.4 million ADSs for an aggregate of US$7.4 million. For the third quarter of 2026, the company expects total revenues between US$11 million and US$15 million, well below the $63.22 million consensus, reflecting near-term market conditions and evolving customer dynamics. Shares rose 6.4% in after-hours trading.

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