Analysts Offer Predictions for Canaan Q2 Earnings

Canaan Inc. Sponsored ADR (NASDAQ:CAN) – Equities researchers at Northland Securities issued their Q2 2026 EPS estimates for shares of Canaan in a research report issued to clients and investors on Wednesday, May 20th. Northland Securities analyst M. Grondahl anticipates that the company will post earnings of ($0.15) per share for the quarter. The consensus estimate for Canaan’s current full-year earnings is ($0.20) per share. Northland Securities also issued estimates for Canaan’s Q3 2026 earnings at ($0.15) EPS and Q4 2026 earnings at ($0.15) EPS.

Canaan (NASDAQ:CAN) last released its quarterly earnings data on Tuesday, May 19th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $62.69 million for the quarter, compared to the consensus estimate 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 prior year, the business posted ($0.02) earnings per share.

Other research analysts also recently issued reports about the company. Benchmark cut their price target on Canaan from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. BTIG Research reaffirmed a “buy” rating and set a $3.00 price objective on shares of Canaan in a research report on Tuesday. Weiss Ratings lowered Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Rosenblatt Securities decreased their price target on shares of Canaan from $2.25 to $1.30 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Canaan to a “sell” rating in a report on Saturday, April 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Canaan currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.01.

Canaan Stock Down 5.3%

Canaan stock opened at $0.41 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.34 and a debt-to-equity ratio of 0.09. The firm has a market cap of $295.79 million, a P/E ratio of -1.21 and a beta of 2.65. The business has a fifty day moving average of $0.48 and a two-hundred day moving average of $0.67. Canaan has a twelve month low of $0.39 and a twelve month high of $2.22.

Institutional Investors Weigh In On Canaan

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Canaan in the 1st quarter valued at $43,000. Virtu Financial LLC purchased a new stake in Canaan in the fourth quarter valued at approximately $46,000. SBI Securities Co. Ltd. grew its position in Canaan by 155.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,698,885 shares of the company’s stock worth $1,172,000 after purchasing an additional 1,034,040 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Canaan by 52.0% during the first quarter. Goldman Sachs Group Inc. now owns 587,451 shares of the company’s stock worth $516,000 after acquiring an additional 200,869 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.

About Canaan

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.