Canaan Future Growth

Future criteria checks 2/6

Canaan is forecast to grow earnings and revenue by 65% and 42% per annum respectively while EPS is expected to grow by 162.5% per annum.

Key information

65.0%

Earnings growth rate

162.5%

EPS growth rate

Tech earnings growth	8.2%
Revenue growth rate	42.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	10 Sep 2024

Recent future growth updates

Recent updates

Canaan nabs $93.6M in bitcoin mining machine order through strategic partnership with Genesis Digital Assets

Apr 28

What Kind Of Shareholders Hold The Majority In Canaan Inc.'s (NASDAQ:CAN) Shares?

Mar 03

Quick Take On Canaan Inc.'S Third Quarter Results

Dec 06

Canaan reports Q3 results

Nov 30

Earnings and Revenue Growth Forecasts

NasdaqGM:CAN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	353	-102	N/A	N/A	2
12/31/2024	239	-161	N/A	N/A	2
6/30/2024	189	-300	-190	-186	N/A
3/31/2024	191	-369	N/A	N/A	N/A
12/31/2023	211	-414	-127	-124	N/A
9/30/2023	161	-274	N/A	N/A	N/A
6/30/2023	366	-270	N/A	N/A	N/A
3/31/2023	491	-79	N/A	N/A	N/A
12/31/2022	652	70	-200	-183	N/A
9/30/2022	867	322	62	73	N/A
6/30/2022	972	419	N/A	N/A	N/A
3/31/2022	925	380	N/A	N/A	N/A
12/31/2021	773	309	197	202	N/A
9/30/2021	440	113	N/A	N/A	N/A
6/30/2021	261	14	N/A	N/A	N/A
3/31/2021	119	-27	N/A	N/A	N/A
12/31/2020	69	-33	6	6	N/A
9/30/2020	129	-139	N/A	N/A	N/A
6/30/2020	195	-108	N/A	N/A	N/A
3/31/2020	204	-142	N/A	N/A	N/A
12/31/2019	204	-149	-41	-40	N/A
9/30/2019	173	-37	18	20	N/A
6/30/2019	152	-62	21	24	N/A
3/31/2019	265	-8	N/A	N/A	N/A
12/31/2018	393	18	-5	-2	N/A
12/31/2017	201	58	N/A	14	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CAN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CAN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CAN's revenue (42% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: CAN's revenue (42% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CAN's Return on Equity is forecast to be high in 3 years time

Canaan Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Canaan Inc. Provides Revenue Guidance for the Third Quarter of 2024

Canaan Inc. Provides Revenue Guidance for the First Quarter of 2024, and the Second Quarter of 2024

Canaan Inc. Provides revenue Guidance for the Fourth Quarter of 2023

Canaan Inc. Provides Earnings Guidance for the Third Quarter of 2023

Consensus EPS estimates fall by 28%

Canaan Inc. Provides Revenue Guidance for the Fourth Quarter of 2022

Recent updates

The Market Lifts Canaan Inc. (NASDAQ:CAN) Shares 26% But It Can Do More

Canaan Inc. Reports Unaudited Consolidated Impairment Charges Results for the Second Quarter Ended June 30, 2024

Canaan Inc. to Report Q2, 2024 Results on Aug 15, 2024

Not Many Are Piling Into Canaan Inc. (NASDAQ:CAN) Just Yet

Canaan Inc. Launches the Third Generation of Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024

Canaan: Watchlist Worthy

New major risk - Shareholder dilution

First quarter 2024 earnings released: US$0.16 loss per share (vs US$0.51 loss in 1Q 2023)

Canaan Inc. Provides Revenue Guidance for the Third Quarter of 2024

Canaan Inc. to Report Q1, 2024 Results on May 17, 2024

Canaan Inc. Debuts Avalon A15 New Product Series

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Canaan Inc. announced that it expects to receive $132 million in funding

Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)

Canaan Inc. Provides Revenue Guidance for the First Quarter of 2024, and the Second Quarter of 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Canaan Inc. to Report Q4, 2023 Results on Feb 27, 2024

New minor risk - Shareholder dilution

Canaan Inc.: Riding The Bitcoin Wave - Not The Time To Be Bearish

Canaan Inc. announced that it expects to receive $125 million in funding

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Canaan Inc. Provides revenue Guidance for the Fourth Quarter of 2023

Canaan Inc. to Report Q3, 2023 Results on Nov 28, 2023

Canaan Inc. has filed a Follow-on Equity Offering in the amount of $148 million.

Insufficient new directors

Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.53 profit in 2Q 2022)

Canaan Inc. Provides Earnings Guidance for the Third Quarter of 2023

New minor risk - Shareholder dilution

Canaan Inc. to Report Q2, 2023 Results on Aug 29, 2023

First quarter 2023 earnings released: US$0.51 loss per share (vs US$0.41 profit in 1Q 2022)

Canaan Inc. to Report Q1, 2023 Results on May 26, 2023

Investor sentiment improves as stock rises 25%

Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends

Investor sentiment improves as stock rises 17%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 28%

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade

Canaan Inc. Provides Revenue Guidance for the Fourth Quarter of 2022

Canaan Inc. to Report Q3, 2022 Results on Nov 14, 2022

Canaan Inc. Launches New Generation of Bitcoin Mining Machines

Canaan: Bitcoin Ties Overcome Any Chip Growth Potential, For Now

Canaan Inc. Provides Revenue Guidance for the Third Quarter of 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Canaan Q2 2022 Earnings Preview

Canaan Inc. to Report Q2, 2022 Results on Aug 18, 2022

Investor sentiment improved over the past week

Consensus forecasts updated

Canaan lands Buy rating from HCW on improved equipment performance

Canaan: The Unheard Of Computer Chip Stock

Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second

This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be

Canaan Inc. Provides Revenue Guidance for the Second Quarter of 2022

Canaan Inc. to Report Q1, 2022 Results on May 19, 2022

We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings

Canaan Inc. to Report Q1, 2022 Results on May 19, 2022

Full year 2021 earnings released: EPS: CN¥11.90 (vs CN¥1.38 loss in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Canaan Inc. Announces Resignation of Shaoke Li, Secretary to the Board

Full year 2021 earnings: Revenues in line with analyst expectations

Investor sentiment improved over the past week

Canaan Inc. to Report Q4, 2021 Results on Mar 03, 2022

Canaan Turns To Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges

Secretary to the Board notifies of intention to sell stock

Canaan: Crypto Craze Volatility Likely To Spell Trouble

Canaan Inc. (NasdaqGM:CAN) announces an Equity Buyback for $20 million worth of its shares.

Director Jiaxuan Li has left the company