:

MOORE THREADS SWINGS TO PROFIT ON 155% REVENUE SURGE

INDUSTRY DESK1 MIN READ
MON, APR 27, 2026

■ AI-SUMMARIZED FROM 1 SOURCE BELOW

Beijing-based GPU maker Moore Threads reported Q1 2026 revenue of $107.89M, up 155% year-over-year, and achieved a $4.3M net profit after posting a $16.46M loss in the same quarter last year.

The turnaround marks a significant milestone for the Chinese chipmaker, which has been competing in the GPU market dominated by NVIDIA and AMD. Moore Threads' quarterly revenue nearly tripled compared to Q1 2025, signaling accelerating demand for its graphics processors. The shift from a substantial loss to profitability underscores improving operational efficiency and market traction. The company's GPU products have gained adoption in data centers and consumer segments amid China's push for semiconductor self-sufficiency. Moore Threads was founded in 2021 and has raised hundreds of millions in funding to develop competitive GPU alternatives. The company's financial performance improvement comes as Chinese tech firms increasingly focus on reducing dependence on foreign semiconductor technology. The filing details represent the company's strongest financial showing since its establishment, though it remains smaller than global GPU leaders in absolute revenue terms.

■ SOURCES

Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE HARDWARE DESK

Chinese electric vehicle manufacturers are reshaping the automotive landscape at the 2026 Beijing Auto Show, outpacing legacy foreign automakers through aggressive tech innovation and competitive pricing. Western brands are now pursuing partnerships with domestic rivals to maintain market relevance.

7H AGOIndustry Desk

New control software enables robots to learn from each other despite having different physical designs, while preventing joint jamming issues that plague mechanical systems.

10H AGOIndustry Desk

Waymo has stated that expecting autonomous taxis to consistently avoid bike lanes is an unrealistic expectation. The statement comes as driverless vehicles continue operating in cities with mixed traffic patterns.

10H AGOIndustry Desk

Tin Can, a Wi-Fi-enabled landline phone styled like 1970s rotary phones, is gaining traction in schools as an alternative to smartphones. The $100 device has gained viral popularity, and educational institutions are now distributing them to students' homes.

12H AGOIndustry Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.