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Moore Threads released its 2026 third-quarter report on October 30, 2026. According to TMTPost·AGI, its third-quarter revenue was 1.552 billion yuan, up 1773.92% year on year; non-GAAP net profit attributable to the parent company was 20.0724 million yuan, turning positive on a quarterly basis for the first time, with a non-GAAP net margin of about 1.29%. Cumulative revenue for the first three quarters was 3.289 billion yuan, while non-GAAP net profit attributable to the parent company remained a loss of about 131 million yuan, and net cash flow from operating activities was -3.309 billion yuan. Caixin's morning briefing that day also mentioned that Moore Threads' third-quarter revenue was 1.552 billion yuan, up 1773.92% year on year, and said net profit attributable to the parent company was 49.2604 million yuan, turning from loss to profit year on year. The report also compared the performance of peers such as Cambricon, Hygon Information, and MetaX, noting that the share of inference demand is rising and that HBM and foundry capacity remain the main constraints on the growth of domestic GPUs. There is currently no further follow-up progress.
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Oct 30
TMTPost · AGI
Moore Threads' quarterly non-GAAP net profit turns positive for the first time, as domestic GPUs enter the delivery competition stage
Moore Threads' revenue in the third quarter of 2026 was 1.552 billion yuan, up 1773.92% year on year, with non-GAAP net profit attributable to shareholders of 20.0724 million yuan, turning positive on a single-quarter basis for the first time, for a non-GAAP net margin of about 1.29%. Cumulative revenue for the first three quarters was 3.289 billion yuan, non-GAAP net profit attributable to shareholders remained a loss of about 131 million yuan, and net cash flow from operating activities was -3.309 billion yuan. The article also compares the performance of peers such as Cambricon, Hygon Information, and MetaX, noting that the share of inference demand is rising, and that HBM and foundry capacity remain the main constraints on the growth of domestic GPUs.
Caixin
T Morning Brief | Google and Amazon Plunge After Q3 Earnings; Zhiyuan H1 Revenue Nearly 2 Billion Yuan; SK Hynix and Moore Threads Q3 Revenue Surge
SK Hynix's quarterly revenue exceeded 100 trillion won for the first time in Q3, with operating profit up more than sixfold year-on-year, and it locked in over half of its 2027-2028 capacity through long-term contracts; domestic GPU maker Moore Threads posted Q3 revenue of 1.552 billion yuan, up 1,773.92% year-on-year, with net profit attributable to shareholders of 49.2604 million yuan, turning profitable year-on-year. Google's parent company saw its stock plunge 12% on the first trading day after releasing earnings, wiping out nearly $490 billion in market value.