Chinese GPU Maker Moore Threads Posts Q1 Profit on Surging Domestic Demand
Beijing-based firm reports 29.4 million yuan net profit versus 112.5 million yuan loss a year earlier, as revenue jumps 155%
L'essentiel
- Moore Threads Technology, a Chinese GPU challenger to Nvidia, reported a Q1 2026 net profit of 29.4 million yuan, reversing a year-earlier loss of 112.5 million yuan.
- Quarterly revenue surged 155% to 737.6 million yuan, driven by domestic computing demand amid Beijing's chip self-sufficiency push.
- The company disclosed a 660 million yuan order for its KUAE computing cluster at end-March.
Résumé généré par IA
Pourquoi c'est important
Moore Threads is one of China's leading domestic GPU developers competing with Nvidia in the Chinese market. The company benefits from Beijing's push for semiconductor self-sufficiency amid US export restrictions on advanced chips. CEO Zhang Jianzhong previously led Nvidia's China operations.
Moore Threads Technology, one of China's challengers to Nvidia, swung to a profit in the first quarter of 2026, as domestic graphics processing unit (GPU) champions capitalised on surging computing demand amid Beijing's push for chip self-sufficiency. The Beijing-based firm reported a net profit of 29.4 million yuan (US$4.3 million) for the January to March period, compared with a net loss of 112.5 million yuan a year earlier, according to a filing to the Shanghai Stock Exchange on Sunday. Quarterly revenue jumped 155 per cent year on year to 737.6 million yuan. "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," said founder and CEO Zhang Jianzhong in the 2025 annual report released on the same day. Zhang is a former China head of Nvidia. At the end of March, the company disclosed a 660 million yuan order for its KUAE computing cluster, which is based on tens of thousands of interconnected GPUs, without revealing the client.
Questions ouvertes
- Who is the client for the 660 million yuan KUAE computing cluster order?
- What specific next-gen chips is Moore Threads developing?
- How does the company's GPU performance compare to Nvidia's offerings?
