Canaan (CAN) Projected to Post Quarterly Earnings on Tuesday

Canaan (NASDAQ:CAN) will likely be releasing its Q1 2026 results before the market opens on Tuesday, May 19th. Analysts expect Canaan to post earnings of ($0.07) per share and revenue of $9.5220 million for the quarter. Interested persons can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Tuesday, May 19, 2026 at 8:00 AM ET.

Canaan (NASDAQ:CAN) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.07). Canaan had a negative return on equity of 60.70% and a negative net margin of 39.69%.The company had revenue of $196.27 million for the quarter, compared to analyst estimates of $25.30 million. On average, analysts expect Canaan to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Canaan Stock Performance

Shares of CAN opened at $0.50 on Tuesday. The company has a 50-day moving average of $0.48 and a two-hundred day moving average of $0.73. The stock has a market cap of $358.10 million, a price-to-earnings ratio of -1.04 and a beta of 2.65. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.31 and a quick ratio of 1.93. Canaan has a one year low of $0.39 and a one year high of $2.22.

Analyst Ratings Changes

A number of research firms recently commented on CAN. BTIG Research reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Canaan in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Canaan in a research report on Monday, April 20th. Rosenblatt Securities reissued a “buy” rating and set a $2.25 price target on shares of Canaan in a research report on Monday, March 16th. HC Wainwright reaffirmed a “buy” rating and set a $1.50 target price on shares of Canaan in a research note on Wednesday, February 11th. Finally, Benchmark reduced their price target on shares of Canaan from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.17.

Institutional Investors Weigh In On Canaan

A hedge fund recently bought a new stake in Canaan stock. Virtu Financial LLC purchased a new position in shares of Canaan Inc. Sponsored ADR (NASDAQ:CAN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 66,219 shares of the company’s stock, valued at approximately $46,000. Institutional investors own 70.14% of the company’s stock.

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.