Canaan (CAN) Projected to Post Quarterly Earnings on Tuesday

Canaan (NASDAQ:CAN) is expected to be releasing 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. Individuals may review the information on the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 8:00 AM ET.

Canaan (NASDAQ:CAN) last posted its quarterly earnings data on Saturday, August 15th. The company reported ($0.14) EPS for the quarter. Canaan had a negative return on equity of 77.73% and a negative net margin of 67.78%. The firm had revenue of $31.86 million for 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 Trading Up 2.8%

NASDAQ:CAN opened at $0.19 on Friday. The stock has a market capitalization of $133.14 million, a price-to-earnings ratio of -0.42 and a beta of 2.56. 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 firm has a 50 day moving average of $0.30 and a 200 day moving average of $0.39.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $0.75 price target on shares of Canaan in a research report on Tuesday, September 15th. Zacks Research lowered Canaan from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Weiss Ratings cut Canaan from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. JonesTrading upgraded Canaan to a “strong-buy” rating in a research note on Saturday, September 26th. Finally, B. Riley Financial dropped their target price on Canaan from $2.00 to $1.50 and set a “buy” rating on the stock in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1.75.

Canaan Company Profile

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.