Canaan (CAN) Projected to Release Earnings on Thursday

Canaan (NASDAQ:CAN) is projected to release its Q2 2026 results before the market opens on Thursday, August 13th. Analysts expect the company to post earnings of ($0.10) per share and revenue of $5.91 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 20, 2026 at 8:00 AM ET.

Canaan (NASDAQ:CAN) last issued its quarterly earnings data on Tuesday, May 19th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business had revenue of $62.69 million during the quarter, compared to analyst estimates of $9.50 million. Canaan had a negative net margin of 41.71% and a negative return on equity of 55.84%. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, analysts expect Canaan to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Canaan Trading Down 6.5%

Shares of CAN stock opened at $0.20 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.34 and a quick ratio of 2.04. The company has a market cap of $143.24 million, a price-to-earnings ratio of -0.59 and a beta of 2.63. The stock has a 50 day simple moving average of $0.29 and a 200-day simple moving average of $0.43. Canaan has a 1-year low of $0.15 and a 1-year high of $2.22.

Hedge Funds Weigh In On Canaan

A hedge fund recently bought a new stake in Canaan stock. Virtu Financial LLC acquired a new stake in Canaan Inc. Sponsored ADR (NASDAQ:CAN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,219 shares of the company’s stock, valued at approximately $46,000. 70.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. BTIG Research reaffirmed a “buy” rating and set a $3.00 price objective on shares of Canaan in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Canaan to a “sell” rating in a research report on Saturday, April 18th. Finally, Rosenblatt Securities cut their target price on shares of Canaan from $2.25 to $1.30 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.01.

Canaan Company Profile

Canaan Inc is a China-based technology company specializing in the design and manufacture of high-performance computing hardware for the digital currency and blockchain industry. The company’s core business revolves around application-specific integrated circuit (ASIC) miners, which are purpose-built machines optimized for cryptocurrency mining. By focusing on energy efficiency and processing power, Canaan’s mining rigs aim to deliver competitive hash rates while managing power consumption in large-scale operations.

The flagship product line, known as AvalonMiner, encompasses a range of models tailored to different scales of mining activity, from small-scale hobbyist setups to industrial farms.