Moore Threads Technology (688795) Q1 2026 earnings summary

Executive summary

• Achieved a significant turnaround with net profit of ¥29.36 million, compared to a net loss of ¥112.49 million in the same quarter last year, driven by rapid revenue growth and improved operational efficiency.

• Revenue surged 155.35% year-over-year to ¥737.60 million, reflecting successful commercialization of full-feature GPU products.

Financial highlights

• Operating income reached ¥737.60 million, up from ¥288.86 million year-over-year.

• Net profit attributable to shareholders was ¥29.36 million, reversing last year's loss.

• Basic and diluted EPS both at ¥0.06, compared to -¥0.28 last year.

• Gross margin improved as revenue outpaced cost increases.

• R&D investment totaled ¥369.02 million, accounting for 50.03% of revenue.

Outlook and guidance

• Continued focus on scaling GPU product commercialization and maintaining high R&D investment to drive future growth.