en.Wedoany.com Reported - Moore Threads Intelligent Technology (Beijing) Co., Ltd. (688795.SH), a Chinese full-function GPU chip design company, released its performance forecast for the first half of 2026 on the evening of July 16, 2026. The company expects to achieve operating revenue of RMB 1.65 billion to RMB 1.75 billion in the first half of 2026, an increase of approximately RMB 948 million to RMB 1.048 billion from RMB 702 million in the same period last year, representing a year-on-year growth of 135.12% to 149.37%, with revenue scale reaching 2.35 to 2.49 times that of the same period last year.
Founded in 2020 and headquartered in Beijing, Moore Threads is a chip company specializing in the design and R&D of full-function graphics processing units (GPUs). The company has established a full-stack, independently controllable technology system covering chip architecture, instruction sets, and software stacks, and independently masters core technologies such as the MUSA unified system architecture, graphics rendering, and AI acceleration. Its business scenarios comprehensively cover "cloud-edge-end," with main products including full-function GPU chips, intelligent computing boards, the KUAE intelligent computing cluster, and AI training-inference integrated solutions. On December 5, 2025, Moore Threads was listed on the STAR Market of the Shanghai Stock Exchange. As of the close on July 16, 2026, the company's market value reached RMB 305 billion.
The announcement indicates that the high growth in performance is mainly attributed to three factors: the booming development of the artificial intelligence industry driving sustained demand for computing infrastructure; strong market demand for full-function GPUs; and the accelerated commercialization of the company's KUAE intelligent computing cluster, with product performance highly recognized by customers and stable supply achieved.
On the product side, the company's flagship training-inference integrated full-function GPU intelligent computing card, the MTT S5000, has achieved market-leading performance and entered mass production. Large-scale clusters built on this product are being continuously delivered, efficiently supporting the training of trillion-parameter large models, with computational efficiency reaching the advanced level of foreign GPU clusters of the same generation at a comparable scale. In March 2026, the company signed a major order worth RMB 660 million for the KUAE intelligent computing cluster; in May, it launched the MTT AICUBE, an intelligent home AI hub product; and on July 6, the MTT S5000 completed Day-0 rapid adaptation for Tencent's new-generation large model Hy3 and Meituan's trillion-parameter large model LongCat-2.0 on the same day.
This performance forecast is a voluntary disclosure and only provides a revenue range; the relevant data has not yet been audited by a certified public accountant. The company's final financial performance will be subject to the officially disclosed 2026 semi-annual report.
