Canaan (CAN) Projected to Release Earnings on Tuesday

Canaan (NASDAQ:CAN) is expected to post its Q3 2026 results before the market opens on Tuesday, November 10th. Analysts expect Canaan to post earnings of ($0.06) per share and revenue of $2.05 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Tuesday, November 10, 2026 at 8:00 AM ET.

Canaan (NASDAQ:CAN) last announced its quarterly earnings data on Saturday, August 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $31.86 million for the quarter. Canaan had a negative net margin of 67.78% and a negative return on equity of 77.73%. On average, analysts expect Canaan to post ($0.39) EPS for the current fiscal year and ($0.10) EPS for the next fiscal year.

Canaan Price Performance

Shares of CAN opened at $0.21 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.12. Canaan has a 1-year low of $0.15 and a 1-year high of $1.29. The firm has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.39. The firm has a market cap of $148.18 million, a PE ratio of -0.47 and a beta of 2.56.

Wall Street Analysts Forecast Growth

CAN has been the topic of a number of recent analyst reports. Zacks Research lowered Canaan from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. JonesTrading raised shares of Canaan to a “strong-buy” rating in a research note on Saturday, September 26th. B. Riley Financial reduced their price objective on Canaan from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings cut shares of Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $0.75 price objective on shares of Canaan in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1.75.

About Canaan

Canaan Inc is a technology company that develops application-specific integrated circuit (ASIC) products and related computing solutions. The company is best known for its Avalon series of Bitcoin mining machines, which are designed to perform the specialized computations required to validate transactions and support blockchain networks.

In addition to cryptocurrency-mining equipment, Canaan develops high-performance computing hardware and artificial intelligence (AI) solutions. Its product portfolio has included AI accelerator chips, edge-computing devices and related software or systems intended for applications such as intelligent transportation, security, robotics and other data-intensive technologies.

Founded in 2013, Canaan is headquartered in China and serves customers and business partners in international markets.