Moore Threads Technology (688795) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached RMB 1.552bn, up 1,773.92% YoY; 9M revenue was RMB 3.289bn, up 319.15% YoY, as AI compute demand drove accelerated deployments.

• Q3 net income was RMB 49.26m and 9M net income RMB 37.70m, reversing year-ago losses; 9M adjusted for nonrecurring items, net loss was RMB 130.75m.

Financial highlights

• Q3 total profit was RMB 62.25m; 9M total profit was RMB 45.49m versus a RMB 723.51m loss in 9M 2025.

• 9M operating loss was RMB 723.58m; net income benefited from other income, investment income and fair-value gains.

• 9M comprehensive income was RMB 362.91m, including RMB 326.07m of gains on other equity investments recognized in other comprehensive income.

• 9M nonrecurring gains totaled RMB 168.45m, including RMB 91.00m in government grants; Q3 nonrecurring gains totaled RMB 29.19m.

Segment performance

• MTT S5000-led intelligent-computing products gained customer recognition; deployments accelerated across cloud and internet providers, token-service providers, AI startups, telecom operators, computing centers, research, government and enterprise customers.

• Strategic focus spans three AI factories: model-training, token-production and intelligent-agent production.