Canaan Announces Q2 Earnings: Revenue Growth Expected Amidst Analyst Projections

Canaan Inc. (CAN) is set to announce Q2 earnings on August 14, with analysts projecting a 32.7% revenue growth YoY and EPS of -$0.08. Price targets indicate a potential upside of 228.09% from the current trading price of $0.80, with an average target price of $2.62. Analysts' consensus recommendation places CAN under "Outperform" status, suggesting positive sentiment for its future market performance.

Canaan Inc. (NASDAQ: CAN), a leading technology company specializing in ASIC high-performance computing chip design, is scheduled to announce its Q2 earnings results on Thursday, August 14, before market open. The consensus earnings per share (EPS) estimate stands at -$0.08, while the revenue estimate is projected to reach $95.36 million, marking a 32.7% year-over-year (YoY) growth [1].

Analysts have shown a mixed sentiment towards Canaan's stock. While the overall stock score reflects significant financial challenges, including negative profit margins and cash flow issues, the recent earnings call provided some optimism with strong revenue growth and product performance [2]. The consensus recommendation for CAN stock is "Outperform," suggesting positive sentiment for its future market performance [1].

The company's recent performance has been marked by notable improvements in Bitcoin mining operations. In July 2025, Canaan reported producing 89 bitcoins due to stronger Bitcoin prices and lower power costs, despite challenges such as weather disruptions and a strategic exit from Kazakhstan [2]. Additionally, Canaan has secured a follow-on order from Cipher Mining and adopted a Cryptocurrency Holding Policy, underscoring its strategic focus on Bitcoin as a long-term reserve asset [2].

Canaan is expected to report a 50.4% increase in revenue to $108.044 million for the period ending June 30, 2025, according to the mean estimate from 6 analysts [3]. The mean analyst estimate for Canaan Inc. is for a loss of 3 cents per share. Wall Street's median 12-month price target for Canaan Inc. is $2.10, about 65.3% above its last closing price of $0.73 [3].

Canaan's historical performance shows a mixed record. Over the last 2 years, CAN has beaten EPS estimates 13% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward, while revenue estimates have seen 0 upward revisions and 5 downward [1].

Investors are advised to closely monitor Canaan Inc.'s earnings call for any updates on its financial health and strategic initiatives. The company's ability to navigate through financial challenges and capitalize on opportunities in the Bitcoin mining sector will be crucial for its future performance.

References:
[1] https://seekingalpha.com/news/4484734-canaan-q2-2025-earnings-preview
[2] https://www.theglobeandmail.com/investing/markets/stocks/CAN/pressreleases/34011734/canaan-inc-reports-improved-bitcoin-mining-performance-for-july-2025/
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U40WD:0-canaan-inc-expected-to-post-a-loss-of-3-cents-a-share-earnings-preview/