Canaan (CAN) Expected to Announce Earnings on Tuesday

Canaan (NASDAQ:CAN) will likely be announcing its Q3 2026 results before the market opens on Tuesday, November 10th. Analysts expect Canaan to announce earnings of ($0.06) per share and revenue of $2.05 million for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings overview 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 data on Saturday, August 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. Canaan had a negative net margin of 67.78% and a negative return on equity of 77.73%. The company had revenue of $31.86 million during the quarter. 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 Price Performance

Shares of CAN opened at $0.19 on Monday. Canaan has a 52 week low of $0.15 and a 52 week high of $1.28. The company has a quick ratio of 1.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $133.14 million, a price-to-earnings ratio of -0.42 and a beta of 2.56. The stock’s 50-day moving average price is $0.30 and its 200-day moving average price is $0.39.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAN. JonesTrading upgraded Canaan to a “strong-buy” rating in a research report on Saturday, September 26th. Zacks Research lowered Canaan from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $0.75 price objective on shares of Canaan in a research note on Tuesday, September 15th. Weiss Ratings cut shares of Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 16th. Finally, B. Riley Financial cut their target price on shares of Canaan from $2.00 to $1.50 and set a “buy” rating for the company in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 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.