Moore Threads H1 2026 Financials: Revenue Surges 147% as Net Loss Narrows

Chinese GPU developer Moore Threads released its financial report for the first half of 2026, showing a 147.42% year-on-year revenue increase to 1.736 billion RMB. The company's net loss attributable to the parent company narrowed significantly by 95.73% to 11.56 million RMB. This financial improvement reflects the rapid growth and increasing commercialization of domestic AI hardware and GPU solutions in China. As global export restrictions tighten, local GPU startups like Moore Threads are seeing surging demand for their computing infrastructure. Despite the narrowing net loss, the company's operating cash flow deficit expanded by 86.3% to -2.169 billion RMB, indicating heavy ongoing investments. Additionally, the non-GAAP net loss narrowed by 52.37% to -151 million RMB.