Canaan (CAN) Gross Margin (2018 - 2026)
Canaan (CAN) reported Gross Margin of 36.54% for Q1 2026, down 3732.0% year-over-year from 1.01% in Q1 2025, and down 591.75% quarter-over-quarter from 7.43% in Q4 2025.
Canaan (CAN) Gross Margin (2018 - 2026) Analysis & Trends
Canaan (CAN) has 9 years of Gross Margin data on file, last reported at 36.54% in Q1 2026.
- Gross Margin for Q1 2026 came in at 36.54%, down 3732.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.45% (up 1807.0% YoY), and the FY2025 annual result was 7.77%, up 3908.0% from the prior year.
- Gross Margin eased to 36.54% in Q1 2026 per CAN's latest filing, from 7.43% in the prior quarter.
- Over five years, Gross Margin peaked at 61.19% in Q1 2022 and troughed at 207.36% in Q3 2023.
- A 5-year average of 38.0% and a median of 26.62% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 22978 bps in 2023, then jumped 17814 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 109.99% in 2022, then dropped by 0 bps to 110.18% in 2023, then jumped by 94 bps to 7.16% in 2024, then jumped by 204 bps to 7.43% in 2025, then plunged by 592 bps to 36.54% in 2026.
- Business Quant data shows CAN's Gross Margin at 36.54% in Q1 2026, 7.43% in Q4 2025, and 11.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 69.89% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 20.93% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 23.84% |
| 10 | Canaan | 2.72 Bn | 2.64 Bn | -22.91 Mn | -36.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.54% |
| Dec 31, 2025 | 7.43% |
| Sep 30, 2025 | 11.05% |
| Jun 30, 2025 | 9.29% |
| Mar 31, 2025 | 0.78% |
| Dec 31, 2024 | -7.16% |
| Sep 30, 2024 | -29.22% |
| Jun 30, 2024 | -26.62% |
| Mar 31, 2024 | -106.37% |
| Dec 31, 2023 | -110.18% |
| Sep 30, 2023 | -207.36% |
| Jun 30, 2023 | -94.88% |
| Mar 31, 2023 | -86.08% |
| Dec 31, 2022 | -109.99% |
| Sep 30, 2022 | 22.42% |
| Jun 30, 2022 | 56.26% |
| Mar 31, 2022 | 61.19% |
| Dec 31, 2021 | 68.07% |
| Sep 30, 2021 | 56.29% |
| Jun 30, 2021 | 39.48% |