Moore Threads Swings to Q1 Profit of $4.3M as Revenue Surges 155% YoY

Gate News message, April 27 — Moore Threads Technology posted a net profit of 29.4 million yuan (US$4.3 million) in the first quarter of 2026, reversing a 112.5 million yuan (US$16.45 million) loss a year earlier. The Beijing-based GPU maker's Q1 revenue surged 155% year-on-year to 737.6 million yuan (US$108 million), driven by rising demand for domestic chips amid China's self-sufficiency push.

For full-year 2025, Moore Threads' revenue nearly tripled to 1.5 billion yuan (US$219 million), while net losses narrowed 36.7% to 1 billion yuan (US$149 million). In March 2026, the company secured a 660 million yuan (US$96.6 million) order for its KUAE intelligent computing cluster, marking a strategic shift from selling standalone GPUs toward supplying integrated AI computing infrastructure.

Moore Threads completed its IPO in December 2025 at a market valuation of 305.5 billion yuan (US$42.8 billion). The company's gross margin improved significantly from negative 70% in 2022 to 61.9% by Q3 2025, reflecting operational efficiency gains.