Beijing-based GPU maker Moore Threads reported Q1 2026 revenue of $107.89M, up 155% year-over-year, and achieved a $4.3M net profit after posting a $16.46M loss in the same quarter last year.
The turnaround marks a significant milestone for the Chinese chipmaker, which has been competing in the GPU market dominated by NVIDIA and AMD. Moore Threads' quarterly revenue nearly tripled compared to Q1 2025, signaling accelerating demand for its graphics processors.
The shift from a substantial loss to profitability underscores improving operational efficiency and market traction. The company's GPU products have gained adoption in data centers and consumer segments amid China's push for semiconductor self-sufficiency.
Moore Threads was founded in 2021 and has raised hundreds of millions in funding to develop competitive GPU alternatives. The company's financial performance improvement comes as Chinese tech firms increasingly focus on reducing dependence on foreign semiconductor technology.
The filing details represent the company's strongest financial showing since its establishment, though it remains smaller than global GPU leaders in absolute revenue terms.
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