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[News] Moore Threads Reportedly Turns Profitable in 1Q26 but Remains Loss-Making in 2025 as R&D Hits RMB 1.3B
What happened
Moore Threads reported its first quarterly profit (RMB 29.36M) in Q1 2026, driven by a major RMB 660M order for its KUAE cluster. However, the company posted a full-year 2025 net loss of RMB 1.001B, with R&D expenses consuming 86.68% of revenue. 利多: Accelerating commercialization of domestic GPUs signals potential future demand growth for related components, but high R&D burn rates and mixed profitability across the sector warrant caution.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
GPUAI Accelerator
Moore ThreadsMetaXIluvatar CoreXBiren TechnologyCambricon
earningscommercializationrd-spend
Source and time
Source: TrendForce · 4/27/2026 · View original source
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