Intchains Group (NASDAQ:ICG) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Intchains Group (NASDAQ:ICG) announced its quarterly earnings data on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.15), FiscalAI reports. Intchains Group had a negative net margin of 24.68% and a negative return on equity of 5.29%. The firm had revenue of $0.82 million during the quarter, compared to the consensus estimate of $5.17 million.

Here are the key takeaways from Intchains Group’s conference call:

• First-half results remained weak amid cyclical demand softness and PRC mining-machine sales restrictions: revenue was RMB 11.1 million, operating expenses were RMB 42 million, and the company reported a basic and diluted loss of RMB 1.22 per share.
• Intchains completed the tape-out of its next-generation mining ASIC in July and is targeting a Q4 2026 commercial launch. Management expects modest revenue in the second half of 2026, with a more meaningful contribution from mass production in 2027.
• The company is evaluating AI-related acquisitions and other opportunities to apply its ASIC design and hardware-integration capabilities to AI computing, but the initiatives remain at an early stage and no financial contribution has been quantified.
• Cost-reduction efforts generated approximately RMB 23.1 million in annualized labor savings, while the board approved a share-repurchase program of up to $15 million over two years.
• Intchains held RMB 461.1 million in cash, deposits, and government securities at period-end and intends to maintain its ETH treasury and staking strategy, while prioritizing cash toward ASIC development, operations, and potential AI initiatives rather than additional ETH purchases.

Intchains Group Stock Performance

Shares of ICG stock opened at $0.84 on Friday. The stock’s fifty day moving average is $0.82 and its two-hundred day moving average is $1.10. Intchains Group has a fifty-two week low of $0.60 and a fifty-two week high of $2.28. The firm has a market capitalization of $51.30 million, a P/E ratio of -7.04 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Intchains Group in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.00.

Institutional Investors Weigh In On Intchains Group

A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd raised its stake in Intchains Group by 190.2% during the 4th quarter. XTX Topco Ltd now owns 75,354 shares of the company’s stock worth $135,000 after acquiring an additional 49,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Intchains Group in the first quarter valued at approximately $142,000. SmartHarvest Portfolios LLC purchased a new stake in Intchains Group in the 4th quarter valued at $121,000. Finally, Goldman Sachs Group Inc. boosted its stake in Intchains Group by 509.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 100,759 shares of the company’s stock worth $180,000 after purchasing an additional 84,228 shares during the period.

Intchains Group Company Profile

Intchains Group Ltd (NASDAQ: ICG) is a technology company specializing in blockchain-based big data solutions. The company offers a suite of products and services aimed at enhancing data security, traceability and certification across diverse industries. Its core offerings include blockchain-powered data rights management, digital certificate issuance, supply-chain traceability platforms and analytics tools that leverage immutable ledgers to ensure data integrity.

Established in 2016 and headquartered in Beijing, Intchains Group serves a range of clients including government agencies, logistics providers, manufacturers and financial institutions.