Moore Threads Q1 Revenue Surges 155% YoY to $104M, Swings to Profitability

Gate News message, April 26 — Moore Threads reported first-quarter 2026 revenue of 738 million yuan (approximately $104 million), representing a 155.35% year-over-year increase. The company swung to profitability with net income of 29.36 million yuan, compared to a loss of 112 million yuan in the same period last year.

The growth was driven by the company's focus on full-function GPU research and development, with products achieving scaled commercial deployment. Moore Threads, known as China's first domestic GPU chipmaker to go public, attributed the strong financial performance to accelerating adoption of its GPU solutions across key markets.