NASDAQ$CAN

Canaan Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

CAN Q2 2024 — extraction skipped

Canaan Inc filed Form 6-K (accession 0001104659-24-104270) for Q2 2024, but headline financial numerics could not be extracted automatically: no headline numerics found by parser nor by Financial Datasets fallback. The row is marked as AI-processed so the queue advances; numerics will be filled by Financial Datasets on its next pass.

  • Form 6-K filed; press release body not parseable here.
  • Reason: no headline numerics found by parser nor by Financial Datasets fallback.
  • Numerics rely on the Financial Datasets fallback.

Headline financials

Total Revenue

$71.9M

Previous: $73.9M-2.7%
EPS (adj)

-$0.15

Previous: -$0.59+74.6%
Net Income

-$41.9M

No prior period
Operating Income

-$45.8M

No prior period
Gross Profit

-$19.1M

No prior period
R&D Expense

$14.6M

No prior period

Revenue & EPS history

Canaan · Revenue · Quarterly

$71.9M

Q2 2024-2.7%vs Q2 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Canaan · $62.7M total across 3 segments · Q1 2026

  • Products Revenue
    $42.9M
  • Mining Revenue
    $19.1M
  • Other Revenues
    $700K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-2.3%

Avg return

Earnings day

-6.5%

Avg return

5 days after

-8.3%

Avg return

30 days after

36%

10 / 28 earnings

Positive

+24.2%

Q3 2025

Best reaction

-22.1%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.3%
Q4 2025-6.9%-19.1%-15.5%
Q3 2025+24.2%+6.7%-8.8%
Q2 2025-4.6%-22.2%-48.3%
Q1 2025-7.5%-22.7%-23.5%
Q4 2024-13.0%-18.7%-22.9%
Q3 2024+14.5%+30.8%+45.9%
Q2 2024+3.3%+19.6%+28.6%
Q1 2024+4.3%-6.8%-12.8%
Q4 2023-6.1%-17.3%-22.8%
Q3 2023-5.3%-5.9%+66.3%
Q2 2023+1.0%+0.0%-12.6%
Q1 2023-22.1%-20.9%-20.9%
Q4 2022+0.0%-7.2%-0.8%
Q3 2022+16.7%+2.6%-7.8%
Q2 2022-5.9%-10.7%-18.2%
Q1 2022-1.3%-5.1%+0.6%
Q4 2021-7.6%-7.8%+4.8%
Q3 2021+3.3%-4.1%-46.6%
Q2 2021-15.5%-20.6%-29.1%
Q1 2021+19.2%+30.6%-9.3%
Q4 2020-21.7%-27.1%-47.2%
Q3 2020-18.3%-35.5%-23.8%
Q2 2020+5.6%-2.5%-5.1%
Q1 2020-15.8%-24.8%-52.4%
Q4 2018-3.5%-9.3%-4.6%
Q4 2017-3.5%-9.3%-4.6%
Q4 2019+14.5%+30.7%+67.3%
Q3 2019
Q2 2019
Q1 2019

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