Canaan Inc. reported a $97.6 million net loss in Q2 2026 as revenue fell 68% year-over-year to $31.9 million, driven by a drop in Bitcoin prices from $82,000 to $58,000. The company also took a $25.3 million inventory write-down, signaling lower value for its mining equipment. Despite the tough market, Canaan increased its Bitcoin holdings to 1,915.5 BTC and boosted cash reserves to $66 million. However, Q3 revenue is expected to decline further to between $11 million and $15 million, indicating continued challenges ahead for the mining equipment maker.
Intel's stock surged after Northland Securities upgraded it from "Market Perform" to "Outperform" with a $120 price target, following Intel Foundry's progress in High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography. Intel has process...
ABM Industries reported strong Q3 2026 results, surpassing analyst EPS estimates with $1.04 per share versus the expected $1.01. The company achieved record revenue of $2.3 billion, a 4.2% increase driven by organic and acquisition growth. Adjusted n...
GameStop is set to report its Q2 2026 earnings with analysts expecting an EPS of $0.27 and revenues around $756.85 million, down from $972.20 million the previous year. The company’s own sales forecast of $780-$800 million confirms a significant reve...
Opus Genetics, a clinical-stage biotech focused on inherited retinal diseases, received a Buy rating and $8 price target from analyst Matthew Caufield in August 2026. The company plans to release topline Phase 1/2 data for its gene therapy OPGx-BEST1...
General Electric (GE) announced it will acquire Consolidated Precision Products (CPP) for $11.75 billion to enhance its aerospace casting production. This strategic move aims to strengthen GE's manufacturing capabilities and accelerate engine technol...
