A year-on-year increase of 147.42%! Moore Thread's revenue in the first half of 2026 is 1.736 billion yuan: already exceeding the full year of 2025

Kuai Technology reported on August 9 that today, domestic GPU leader Moore Thread (688795.SH) released its 2026 semi-annual report. In the first half of 2026, the company achieved revenue of 1.736 billion yuan, a significant year-on-year increase of 147.42%, which has exceeded the full-year revenue of 2025. During the same period, the total gross profit reached 989 million yuan, a year-on-year increase of 103.78%; net profit attributable to the parent company and non-net profit attributable to the parent company narrowed by 95.73% and 52.37% respectively compared with the loss in the same period last year. Talking about the reasons for the substantial increase in operating income in the first half of 2026 compared with the same period last year, Moore Thread said that this growth is mainly due to the strong market demand for full-featured GPUs, coupled with the accelerated implementation of the company's Kua'e intelligent computing cluster and the realization of stable supply, the market competitive advantage and commercialization capabilities have been further improved. At the same time, Moore Thread maintains high-intensity R&D investment, with R&D investment of 769 million yuan in the first half of 2026, a year-on-year increase of 38.16%. Since 2022, the company has invested nearly 5.9 billion yuan in research and development. As of the first half of 2026, the company has applied for a total of 2,167 patents, including 2,049 invention patent applications; it has obtained a total of 788 authorized patents, including 725 invention patents, firmly ranking among the top domestic GPU companies. Moore Thread also stated that the company’s commercialization accelerated throughout the reporting period. At present, the company's flagship AI training and promotion all-in-one smart computing card MTT S5000 smart computing cluster has achieved large-scale sales and has been deployed in Beijing, Wuxi, Hangzhou and other places. It has passed the national "Safety and Reliability Evaluation" among the first batch, and its high-end training capabilities have achieved multiple "National Core Training and National Model" breakthroughs. As AI moves from the digital world to the physical world, computing power requirements are rapidly extending to edges and terminals. At the edge, the AI ​​module MTT E300 provides efficient, low-latency, and highly reliable edge AI capabilities for industrial quality inspection, energy inspection, embodied intelligence, smart cars, and low-altitude economy. At the terminal, the AI ​​computing power book MTT AIBOOK and the home AI hub MTT AICUBE allow domestic computing power to enter thousands of households. From cloud computing to edge reasoning to terminal inclusiveness, Moore thread has been built