Intchains (ICG) H1 2026 Earnings Call: New ASIC Targets Q4 Launch
Source Tradingkey
Key Takeaways
- Intchains Group Limited reported first-half 2026 revenue of RMB 11.1 million as cyclical demand remained soft and PRC mining machine sales restrictions announced in February affected the business.
- Total operating expenses were RMB 42 million. Basic and diluted net loss per ordinary share was RMB 1.22.
- Cash and cash equivalents, deposits and government securities totaled RMB 461 million at period-end, allowing the company to fund its next-generation mining ASIC program internally.
- Intchains completed the tape-out of its next-generation mining ASIC in July. Management targets a commercial launch in Q4 2026, with modest revenue expected in the second half and a more meaningful contribution in fiscal 2027.
- The company achieved approximately RMB 23.1 million in annualized labor cost savings as of June 30 through restructuring, a noncore chip-business divestiture and increased use of AI-enabled tools.
- The board authorized an ADS repurchase program of up to $15 million over two years, funded from existing cash.
Key Financial Data
| Metric | First Half 2026 | Commentary |
|---|---|---|
| Revenue | RMB 11.1 million | Affected by cyclical demand softness and PRC mining machine sales restrictions |
| Total operating expenses | RMB 42 million | Cost optimization remains a priority |
| Basic and diluted net loss per ordinary share | RMB 1.22 | Reported for the first half |
| Cash, deposits and government securities | RMB 461 million | Balance sheet is funding ASIC development internally |
| Annualized labor cost savings | RMB 23.1 million | Realized as of June 30, 2026 |
| Cryptocurrency assets excluding stablecoins | RMB 98.9 million | Fair value as of June 30, including approximately 9,176 ETH |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
Ethereum rallies for five consecutive sessions, targeting $2,800 next.On August 21, Ethereum (ETH) extended its rally, breaking through the $2,300 mark to reach $2,362, hitting its highes
As of the Asian session on August 21, Bitcoin (BTC) price briefly surged past $75,000 intraday, reaching a daily high of $75,897.34, with its weekly cumulative gain exceeding 20%, marking
Bitcoin (BTC) demand has turned positive across both spot and perpetual futures markets for the first time since its October 2025 all-time high, according to CryptoQuant founder Ki Young Ju on Thursday.
Bitcoin price surges toward $72,000, driving a collective rally in crypto concept stocks, with MicroStrategy extending gains by 10%.In pre-market trading on August 20, Eastern Time, Bitco
