Quarterly ResultAug 6, 2026, 07:12 AM
Sharon AI Q2 TCV $8.8B; $4.9B NVIDIA Compute Collaboration
AI Summary
Sharon AI Holdings Inc. reported strong Q2 2026 financial and operational results, with Total Contract Value reaching $8.8 billion. The company announced a significant $4.9 billion, six-year strategic compute collaboration with NVIDIA and expanded its AI Factory capacity to 212MW. Despite a net loss of $(430.4) million primarily due to non-cash fair value adjustments on convertible notes, revenue grew 412% to $1.9 million, and Adjusted EBITDA turned positive at $0.6 million. The company also strengthened its balance sheet with $1.9 billion in cash and made key leadership appointments.
Key Highlights
- Total Contract Value (TCV) reached $8.8 billion as of August 6, 2026.
- Secured a $4.9 billion, six-year strategic compute collaboration with NVIDIA for up to 40,000 GB300 GPUs.
- Reported Q2 2026 revenue of $1.9 million, a 412% increase from Q2 2025.
- Adjusted EBITDA for Q2 2026 was $0.6 million, compared to $(1.7) million in Q2 2025.
- Cash and cash equivalents stood at $1.9 billion as of June 30, 2026.
- Secured $1.6 billion from an oversubscribed private placement and $350 million from convertible notes offering.
- Expanded AI Factory capacity by 80MW to a total of 212MW.
- Appointed Andrew Penn AO as Non-Executive Chairman, Anuj Goel as CFO, and Melissa Anastasiou as CLO.
Price Impact
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