---
title: "Canaan shares sink after first-quarter miss and disappointing Q2 outlook (CAN)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286902694.md"
description: "Canaan Inc. (NASDAQ:CAN) shares fell 9.86% in premarket trading after the company reported first-quarter results that missed analyst expectations and provided a disappointing second-quarter outlook, posting an adjusted loss of $0.86."
datetime: "2026-05-19T11:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286902694.md)
  - [en](https://longbridge.com/en/news/286902694.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286902694.md)
---

# Canaan shares sink after first-quarter miss and disappointing Q2 outlook (CAN)

Weak guidance weighs heavily on crypto miner shares Canaan Inc. (NASDAQ:CAN) shares dropped 9.86% in premarket trading on Tuesday after the cryptocurrency mining company reported first-quarter results below analyst expectations and issued second-quarter guidance that came in far weaker than forecast. The company posted an adjusted loss of $0.86 per...

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