Moore Threads revenue jumps 147%, posts first quarterly profit as China bets on homegrown GPUs
pstAsiatech · x · 2026-10-28
Moore Threads, widely cast as China's Nvidia alternative, booked 1.736 billion yuan ($257M) in H1 2026 revenue, up 147.42% YoY and already exceeding its entire 2025 total. Gross profit rose 103.78% to 989 million yuan, and net losses narrowed by 95.73%.
The big swing: Q1 delivered a net profit of 29.4 million yuan versus a 112.5 million yuan loss a year earlier — the company's first profitable quarter. Its flagship MTT S5000 GPUs are now in large-scale deployment across Beijing, Wuxi and Hangzhou.
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