Moore Threads posted a net profit of 29.4 million yuan (US$4.3 million) in the first quarter of 2026, reversing a net loss of 112.5 million yuan a year earlier [1]. Quarterly revenue surged 155% year-on-year to 737.6 million yuan in Q1 2026, reflecting a strong turnaround in the Chinese chip maker’s performance [1].
Shares of Moore Threads rose sharply on Monday, jumping as much as 12.5% during the session before closing 8% higher at 689.50 yuan on the Shanghai Stock Exchange [1]. The market reacted positively to the company’s profit recovery amid Beijing’s push to boost domestic semiconductor technology.
Founded by Zhang Jianzhong, a former China head of Nvidia, Moore Threads is focusing on achieving core breakthroughs in chip technology. Zhang said, “In 2026, Moore Threads will continue to align with national strategies by focusing on core technology breakthroughs and accelerating the roll-out of next-gen chips” [1].
At the end of March 2026, Moore Threads disclosed a 660 million yuan order for its KUAE computing cluster, which is based on interconnected GPUs. The client for the order was not revealed [1]. This deal is expected to strengthen the company’s position in high-performance computing applications.
Moore Threads’ rebound follows a difficult 2025 when it reported a first-quarter net loss of 112.5 million yuan as it invested heavily in research and development [1]. The Q1 2026 results mark a significant recovery, driven by higher sales and improved operational efficiency.
Looking ahead, the company plans to accelerate the rollout of next-generation chips throughout 2026 to capitalize on demand within China’s expanding technology sector [1].
