Canaan (CAN) Gross Margin (2018 - 2026)
Canaan (CAN) posted quarterly 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 reported Gross Margin for 9 consecutive years, with 36.54% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 3732.0% year-over-year to 36.54%; the TTM figure through Mar 2026 stood at 3.45% (up 1807.0% YoY), while the FY2025 annual figure was 7.77%, up 3908.0% from the prior year.
- Gross Margin retreated to 36.54% in Q1 2026 per CAN's latest filing, from 7.43% in the prior quarter.
- Across five years, Gross Margin topped out at 61.19% in Q1 2022 and bottomed at 207.36% in Q3 2023.
- Historically, Gross Margin has averaged 38.0% across 5 years, with a median of 26.62% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin sank 22978 bps — and 2024, when it jumped 17814 bps.
- Canaan's Gross Margin stood at 109.99% in 2022, then declined by 0 bps to 110.18% in 2023, then surged by 94 bps to 7.16% in 2024, then surged by 204 bps to 7.43% in 2025, then sank 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 | 280.00 Bn | 268.42 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 62.93% |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 84.57% |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 52.30% |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 49.54% |
| 10 | Canaan | 245.80 Mn | 245.80 Mn | -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% |