Intchains H1 FY26 net loss widens to RMB 148.9 million; revenue drops 93.7% to RMB 11.1 million - ICG News | RalliesIntchains H1 FY26 net loss widens to RMB 148.9 million; revenue drops 93.7% to RMB 11.1 million
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ICG• H1 FY26 results weaken sharply
- Intchains posted H1 2026 revenue of RMB 11.1 million, down 93.7%, as demand softened and PRC sales restrictions weighed.
- Net loss widened to RMB 148.9 million, swinging from profit; EPS turned to a loss of RMB 1.22 per ordinary share.
- Operating loss was RMB 53 million, swinging from operating income; total operating expenses fell 35.2% to RMB 42 million.
Cash position, buyback and product timeline
- Cash, cash equivalents, and short-term investments totaled RMB 461.1 million; the board authorized a USD 15 million ADS buyback through Aug. 20, 2028.
- The company completed tape-out of a next-generation mining ASIC in July, targeting a Q4 2026 launch.
- Intchains expects a modest H2 revenue contribution, with scaling in FY 2027.
