Canaan (CAN) Projected to Release Earnings on Tuesday

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

Canaan (NASDAQ:CAN) last issued its quarterly earnings results on Saturday, August 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $31.86 million during the quarter. Canaan had a negative return on equity of 77.73% and a negative net margin of 67.78%. 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 Stock Performance

NASDAQ:CAN opened at $0.21 on Thursday. The firm has a market capitalization of $148.18 million, a price-to-earnings ratio of -0.47 and a beta of 2.56. Canaan has a twelve month low of $0.15 and a twelve month high of $1.29. The firm’s fifty day simple moving average is $0.31 and its 200 day simple moving average is $0.39. The company has a current ratio of 2.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CAN. Rosenblatt Securities reissued a “buy” rating and set a $0.75 target price on shares of Canaan in a report on Tuesday, September 15th. Weiss Ratings cut Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. B. Riley Financial cut their target price on Canaan from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Thursday, October 1st. JonesTrading upgraded shares of Canaan to a “strong-buy” rating in a research note on Saturday, September 26th. Finally, Zacks Research downgraded shares of Canaan from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Canaan 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.