Canaan (CAN) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Canaan will release Q3 2025 results before the market opens on Wednesday, November 19, with analysts forecasting ($0.06) EPS and $18.26 million in revenue; the company’s earnings call is scheduled for Tuesday, November 18 at 8:00 AM ET.
• In its most recent quarter (reported Aug. 14) Canaan posted ($0.03) EPS on $13.95 million in revenue, beating estimates, while analysts now expect a full‑year EPS of -$1 and next fiscal year EPS of $0.
• Institutional ownership is high (about 70%), with Goldman Sachs raising its stake by 52%, and analyst coverage averages a “Moderate Buy” rating with an average price target of $3.61.

Canaan (NASDAQ:CAN - Get Free Report) will likely be releasing its Q3 2025 results before the market opens on Wednesday, November 19th. Analysts expect Canaan to post earnings of ($0.06) per share and revenue of $18.2610 million for the quarter. Canaan has set its Q3 2025 guidance at EPS.Individuals can check the company's upcoming Q3 2025 earningsummary page for the latest details on the call scheduled for Tuesday, November 18, 2025 at 8:00 AM ET.

Canaan (NASDAQ:CAN - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.10. The company had revenue of $13.95 million for the quarter, compared to the consensus estimate of $13.29 million. Canaan had a negative net margin of 77.01% and a negative return on equity of 92.49%. On average, analysts expect Canaan to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Canaan Trading Down 3.5%

CAN opened at $1.11 on Wednesday. Canaan has a one year low of $0.53 and a one year high of $3.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.32. The business has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $0.88. The firm has a market capitalization of $413.92 million, a price-to-earnings ratio of -1.23 and a beta of 3.61.

Hedge Funds Weigh In On Canaan

A hedge fund recently raised its stake in Canaan stock. Goldman Sachs Group Inc. grew its position in shares of Canaan Inc. Sponsored ADR (NASDAQ:CAN - Free Report) by 52.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,451 shares of the company's stock after purchasing an additional 200,869 shares during the period. Goldman Sachs Group Inc. owned approximately 0.21% of Canaan worth $516,000 at the end of the most recent reporting period. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on CAN shares. Compass Point started coverage on Canaan in a research report on Monday, September 15th. They issued a "buy" rating on the stock. BTIG Research reiterated a "buy" rating and set a $8.00 price objective on shares of Canaan in a research note on Tuesday, October 14th. Rosenblatt Securities reissued a "buy" rating and issued a $4.00 target price on shares of Canaan in a report on Wednesday, October 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Canaan in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Canaan from a "hold" rating to a "sell" rating in a research report on Sunday, October 19th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $3.61.

About Canaan

Canaan Inc engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.

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