Moore Threads posts first quarterly profit since IPO

On October 29, 2026, Moore Threads released its Q3 2026 report, showing that net profit attributable to the parent turned positive for both the third quarter and the first three quarters compared with the same periods a year earlier. It was the first quarterly profit and first profitable first three quarters since the company went public on December 5, 2025, and Moore Threads became the second company among China’s “four GPU dragons” to post a quarterly profit. For the first three quarters of 2026, Moore Threads’ revenue grew 319.15% year on year to RMB 3.289 billion, mainly benefiting from Q3 revenue, which rose 1773.92% year on year to RMB 1.552 billion. The company said the growth was driven by strong demand from the AI industry for high-performance computing and full-featured GPU products, and that its product commercialization and business rollout had made phased progress. On October 30, Moore Threads took part in an institutional investor survey, where it mainly addressed its latest operating performance and the competitive trend in China’s domestic computing power market. On November 4, Moore Threads disclosed the investor relations activity record covering that survey. As of the close on November 4, Moore Threads’ share price stood at RMB 335.71, up 13.60%, giving the company a total market value of RMB 157.8 billion.