Canaan (CAN) Projected to Release Quarterly Earnings on Thursday

Canaan (NASDAQ:CAN) is expected to be announcing 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 $5.9010 million for the quarter. Investors can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 13, 2026 at 8:00 AM ET.

Canaan (NASDAQ:CAN) last issued its earnings results on Tuesday, May 19th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company 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 quarter in the previous year, the firm earned ($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 Stock Down 1.2%

NASDAQ:CAN opened at $0.20 on Thursday. The firm has a market capitalization of $141.16 million, a PE ratio of -0.58 and a beta of 2.62. The stock has a 50 day moving average of $0.30 and a 200-day moving average of $0.44. Canaan has a 52 week low of $0.15 and a 52 week high of $2.22. The company has a current ratio of 3.34, a quick ratio of 2.04 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Canaan

An institutional investor recently bought a new position in Canaan stock. Virtu Financial LLC acquired a new position in Canaan Inc. Sponsored ADR (NASDAQ:CAN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 66,219 shares of the company’s stock, valued at approximately $46,000. 70.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CAN shares. Wall Street Zen raised Canaan to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings lowered Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, May 19th. BTIG Research reiterated a “buy” rating and issued a $3.00 target price on shares of Canaan in a research note on Tuesday, May 19th. Finally, Rosenblatt Securities reduced their price target on shares of Canaan from $2.25 to $1.30 and set a “buy” rating for the company in a report on Wednesday, May 20th. Six investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.